Primoris Services (NYSE:PRIM) Upgraded by Wall Street Zen to “Strong-Buy” Rating

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

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

Primoris Services Stock Up 5.2%

Primoris Services stock opened at $130.58 on Friday. Primoris Services has a twelve month low of $49.10 and a twelve month high of $146.16. 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 $7.06 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.81 and a beta of 1.36. The stock has a 50 day moving average of $127.82.

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.