Zacks Investment Research upgraded Primoris Services Corp (NASDAQ:PRIM) to Hold in a report released today.
- Updated: October 8, 2016
Zacks Investment Research has upgraded Primoris Services Corp (NASDAQ:PRIM) to Hold in a report released on Thursday October 06, 2016.
Yesterday Primoris Services Corp (NASDAQ:PRIM) traded -1.67% lower at $21.27. The company’s 50-day moving average is $19.68 and its 200-day moving average is $20.46. The last closing price is up 0.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 218,765 shares of the stock traded hands, down from an average trading volume of 300,198
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Primoris Services Corp has a 52 week low of $16.13 and a 52 week high of $25.25 with a P/E ratio of 27.13 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a research note 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 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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