Primoris Services (NYSE:PRIM) Stock Rating Lowered by Wall Street Zen

Primoris Services (NYSE:PRIM) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

A number of other research firms also recently weighed in on PRIM. Zacks Research raised Primoris Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Needham & Company LLC raised shares of Primoris Services to a “moderate buy” rating in a report on Wednesday, October 22nd. Wells Fargo & Company raised shares of Primoris Services to an “equal weight” rating in a report on Thursday, November 13th. Weiss Ratings started coverage on shares of Primoris Services in a research report on Thursday, October 23rd. They issued a “buy (b)” rating on the stock. Finally, The Goldman Sachs Group raised shares of Primoris Services to a “strong sell” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Primoris Services Trading Up 3.3%

Shares of Primoris Services stock opened at $130.49 on Friday. The stock has a market capitalization of $7.05 billion, a P/E ratio of 25.74, a PEG ratio of 1.85 and a beta of 1.37. Primoris Services has a 1 year low of $49.10 and a 1 year high of $146.16. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.26.

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.