Primoris Services (NYSE:PRIM) Downgraded to Hold Rating by Zacks Research

Primoris Services (NYSE:PRIM) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

PRIM has been the topic of a number of other reports. Weiss Ratings started coverage on Primoris Services in a research report on Thursday, October 23rd. They issued a “buy (b)” rating on the stock. The Goldman Sachs Group upgraded Primoris Services to a “strong sell” rating in a research note on Monday, November 24th. Wells Fargo & Company raised Primoris Services to an “equal weight” rating in a research note on Thursday, November 13th. Needham & Company LLC upgraded Primoris Services to a “moderate buy” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Primoris Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday. 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, Primoris Services currently has an average rating of “Hold”.

Primoris Services Price Performance

Shares of NYSE PRIM opened at $130.58 on Wednesday. Primoris Services has a 1 year low of $49.10 and a 1 year high of $146.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 1.20. The company’s 50-day simple moving average is $127.82. The stock has a market cap of $7.06 billion, a PE ratio of 25.76, a P/E/G ratio of 1.72 and a beta of 1.36.

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.