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

Cantor Fitzgerald upgraded shares of Primoris Services (NYSE:PRIM) to a hold rating in a report published on Friday,Zacks.com reports.

Several other research firms also recently weighed in on PRIM. Wall Street Zen downgraded Primoris Services from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. Needham & Company LLC raised shares of Primoris Services to a “moderate buy” rating in a research note on Wednesday, October 22nd. Zacks Research downgraded shares of Primoris Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Weiss Ratings restated a “buy (b)” rating on shares of Primoris Services in a report on Tuesday. Finally, Wells Fargo & Company raised shares of Primoris Services to an “equal weight” rating in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Primoris Services Price Performance

Shares of NYSE PRIM opened at $148.23 on Friday. Primoris Services has a 1-year low of $49.10 and a 1-year high of $155.19. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average is $130.24. The company has a market capitalization of $8.01 billion, a PE ratio of 29.24, a P/E/G ratio of 2.09 and a beta of 1.36.

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. 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.