Primoris Services (NYSE:PRIM) Upgraded by Guggenheim to “Strong-Buy” Rating

Primoris Services (NYSE:PRIM) was upgraded by analysts at Guggenheim from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

PRIM has been the subject of several other research reports. Wall Street Zen cut shares of Primoris Services from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Wells Fargo & Company raised Primoris Services to an “equal weight” rating in a report on Thursday, November 13th. Zacks Research cut Primoris Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. The Goldman Sachs Group raised Primoris Services to a “strong sell” rating in a report on Monday, November 24th. Finally, Weiss Ratings assumed coverage on shares of Primoris Services in a research note on Thursday, October 23rd. They set a “buy (b)” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Primoris Services presently has a consensus rating of “Moderate Buy”.

Primoris Services Price Performance

Shares of NYSE PRIM opened at $134.01 on Tuesday. The business’s fifty day moving average is $126.52. 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. The firm has a market capitalization of $7.24 billion, a P/E ratio of 26.43, a PEG ratio of 1.86 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.