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Seaport Global announced Primoris Services (NYSE:PRIM), raising its target price to $32.00 today

Primoris Services (NYSE:PRIM) had its target price raised to $32.00 by Seaport Global in a report released 10/11/2017. The new stock price target indicates a possible upside of 0.11% based on the company's last closing price.

Yesterday Primoris Services (NYSE:PRIM) traded 0.07% higher at $28.92. The company’s 50-day moving average is $28.46 and its 200-day moving average is $25.25. The last closing price is up 15.06% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 191,960 shares of the stock traded hands, down from an average trading volume of 270,775

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Primoris Services (NYSE:PRIM)

Primoris Services has a 52 week low of $18.71 and a 52 week high of $30.00 with a P/E ratio of 31.61 The company’s market cap is currently $0.

In addition to Seaport Global reporting its stock price target, a total of 6 brokers have issued a report on the company. The average stock price target is $25.08 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Primoris Services (NYSE:PRIM)

Primoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. The Company provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation and other customers. It operates in three segments: the West Construction Services segment (West segment), the East Construction Services segment (East segment) and the Energy segment. The Company installs, replaces, repairs and rehabilitates natural gas, refined product, water and wastewater pipeline systems; large diameter gas and liquid pipeline facilities, and heavy civil projects, earthwork and site development.

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