Primoris Services (NYSE:PRIM) Now Covered by Weiss Ratings

Weiss Ratings initiated coverage on shares of Primoris Services (NYSE:PRIM) in a research note published on Thursday morning,Weiss Ratings reports. The firm issued a buy (b) rating on the stock.

A number of other equities research analysts have also recently issued reports on PRIM. Wall Street Zen cut shares of Primoris Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Needham & Company LLC upgraded shares of Primoris Services to a “moderate buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Primoris Services Trading Up 4.2%

Shares of Primoris Services stock opened at $136.21 on Thursday. The stock has a market cap of $7.36 billion, a P/E ratio of 27.17, a PEG ratio of 2.08 and a beta of 1.43. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.34. Primoris Services has a 12-month low of $49.10 and a 12-month high of $142.84.

Primoris Services Company Profile

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.