Primoris Services (NYSE:PRIM) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of Primoris Services (NYSE:PRIM) from a strong-buy rating to a buy rating in a research report report published on Sunday.

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

Primoris Services Trading Down 8.1%

PRIM opened at $125.91 on Friday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth 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 debt-to-equity ratio of 0.26, a quick ratio of 1.20 and a current ratio of 1.20.

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.