Primoris Services (NYSE:PRIM) Coverage Initiated by Analysts at Weiss Ratings
Weiss Ratings has initiated coverage on Primoris Services (NYSE:PRIM), assigning a "buy" rating. The stock has seen mixed ratings from other analysts, with Wall Street Zen downgrading it to "buy" and Needham & Company upgrading it to "moderate buy." Currently, Primoris Services has a consensus rating of "Buy". The stock rose 3.8% to $135.62, with a market cap of $7.33 billion and a P/E ratio of 30.75. Primoris Services operates in construction and engineering across the U.S. and Canada.
Stock analysts at Weiss Ratings assumed coverage on shares of Primoris Services (NYSE:PRIM - Get Free Report) in a report issued on Thursday,Weiss Ratings reports. The firm set a "buy (b)" rating on the stock.
PRIM has been the subject of a number of other research reports. Wall Street Zen downgraded Primoris Services from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Needham & Company LLC upgraded Primoris Services to a "moderate buy" rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy".
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Primoris Services Stock Up 3.8%
Shares of PRIM stock traded up $4.93 during mid-day trading on Thursday, hitting $135.62. 136,453 shares of the company's stock were exchanged, compared to its average volume of 905,918. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 30.75 and a beta of 1.43. Primoris Services has a fifty-two week low of $49.10 and a fifty-two week high of $142.84.
Primoris Services Company Profile
(Get Free Report)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.
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