Primoris Services (NYSE:PRIM) Stock Rating Upgraded by Needham & Company LLC

Primoris Services (NYSE:PRIM) was upgraded by equities researchers at Needham & Company LLC to a “moderate buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Wall Street Zen downgraded shares of Primoris Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Primoris Services Trading Up 4.2%

PRIM stock opened at $136.21 on Wednesday. The company has a market capitalization of $7.36 billion, a P/E ratio of 27.17, a P/E/G ratio of 2.08 and a beta of 1.43. Primoris Services has a 52 week low of $49.10 and a 52 week high of $142.84. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.34.

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.