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 report issued on Saturday.

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

Primoris Services Stock Performance

Shares of PRIM stock opened at $134.52 on Friday. Primoris Services has a 12-month low of $49.10 and a 12-month high of $146.16. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.85 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.20 and a quick ratio of 1.20.

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.