Primoris Services (NYSE:PRIM) Research Coverage Started at Weiss Ratings

Weiss Ratings started coverage on shares of Primoris Services (NYSE:PRIM) in a research report sent to investors on Thursday morning,Weiss Ratings reports. The brokerage issued a buy (b) rating on the stock.

PRIM has been the subject of a number of other reports. Wall Street Zen cut shares of Primoris Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Needham & Company LLC raised Primoris Services to a “moderate buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Primoris Services Stock Performance

Shares of PRIM stock opened at $142.46 on Thursday. The firm has a market capitalization of $7.69 billion, a PE ratio of 32.30, a PEG ratio of 2.26 and a beta of 1.43. Primoris Services has a twelve month low of $49.10 and a twelve month high of $143.94. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.34.

About Primoris Services

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.