Primoris Services (NYSE:PRIM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Primoris Services (NYSE:PRIM) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group upgraded shares of Primoris Services to a “strong sell” rating in a research report on Monday, November 24th. Needham & Company LLC raised shares of Primoris Services to a “moderate buy” rating in a report on Wednesday, October 22nd. Wells Fargo & Company upgraded shares of Primoris Services to an “equal weight” rating in a research note on Thursday, November 13th. Zacks Research upgraded Primoris Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings initiated coverage on Primoris Services in a report on Thursday, October 23rd. They issued a “buy (b)” rating for the company. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Primoris Services Price Performance

Shares of NYSE PRIM opened at $131.78 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $7.12 billion, a PE ratio of 25.99, a PEG ratio of 1.81 and a beta of 1.36. Primoris Services has a one year low of $49.10 and a one year high of $146.16. The company’s fifty day moving average price is $127.61.

Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.