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Primoris Services Corp (NASDAQ:PRIM) price target increased to $22.00, released a research note earlier today by Zacks Investment Research

Just yesterday Primoris Services Corp (NASDAQ:PRIM) traded -0.41% lower at $19.71. Primoris Services Corp’s 50-day moving average is $19.86 and its 200-day moving average is $20.33. The last closing price is down -4.13% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 131,471 shares of PRIM traded, down from an avg. volume of 289,889

Zacks Investment Research upped the target of Primoris Services Corp (NASDAQ:PRIM) to $22.00 reporting a possible upside of 0.12%.

Performance Chart

Primoris Services Corp (NASDAQ:PRIM)

With a total market value of $0, Primoris Services Corp has price-earnings ratio of 25.68 with a 52 week low of $16.13 and a 52 week high of $25.25 .

In addition to Zacks Investment Research reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $25.08 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Primoris Services Corp (NASDAQ:PRIM)

Primoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. It operates in three segments: the West Construction Services segment (West segment), the East Construction Services segment (East segment) and the Energy segment. The West segment includes underground and industrial operations, and construction services performed by ARB, Inc., ARB Structures, Inc., Rockford Corporation, Q3C and Vadnais. The East segment includes the JCG Heavy Civil division, the JCG Infrastructure and Maintenance division, BW Primoris and Cardinal Contractors, Inc. construction business. The Energy segment includes operations of the Primoris Energy Services (PES) pipeline and gas facility construction and maintenance operations, the JCG Industrial division, the Surber and Ram-Fab operations, and the Primoris Aevenia, Inc. (Aevenia) operations.

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