Primoris Services (NYSE:PRIM) Rating Increased to Hold at Cantor Fitzgerald

Primoris Services (NYSE:PRIM) was upgraded by analysts at Cantor Fitzgerald to a “hold” rating in a report issued on Friday,Zacks.com reports.

A number of other brokerages have also recently commented on PRIM. The Goldman Sachs Group raised shares of Primoris Services to a “strong sell” rating in a report on Monday, November 24th. Zacks Research downgraded Primoris Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Wells Fargo & Company raised Primoris Services to an “equal weight” rating in a research report on Thursday, November 13th. Needham & Company LLC upgraded Primoris Services to a “moderate buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Primoris Services in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Primoris Services Price Performance

PRIM stock opened at $148.23 on Friday. The stock has a market cap of $8.01 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.36. The firm has a fifty day simple moving average of $130.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 1.20. Primoris Services has a 12 month low of $49.10 and a 12 month high of $155.19.

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.