Primoris Services (NYSE:PRIM) Price Target Raised to $124.00

Posted by on May 19th, 2026

Primoris Services (NYSE:PRIM – Get Free Report) had its price target lifted by equities research analysts at Cantor Fitzgerald from $113.00 to $124.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 15.36% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings cut Primoris Services from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Needham & Company LLC cut their target price on Primoris Services from $205.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wall Street Zen lowered Primoris Services from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. The Goldman Sachs Group upped their price target on Primoris Services from $117.00 to $133.00 and gave the company a “sell” rating in a research report on Wednesday, January 28th. Finally, UBS Group cut their price objective on shares of Primoris Services from $212.00 to $186.00 and set a “buy” rating for the company in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.20.

Get Our Latest Research Report on PRIM

Primoris Services Stock Performance

NYSE PRIM opened at $107.49 on Tuesday. The firm has a market cap of $5.83 billion, a P/E ratio of 23.68 and a beta of 1.50. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $145.60 and its 200-day moving average is $140.81. Primoris Services has a 12-month low of $68.52 and a 12-month high of $205.50.

Primoris Services (NYSE:PRIM – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.28). Primoris Services had a return on equity of 16.48% and a net margin of 3.31%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. Primoris Services has set its FY 2026 guidance at 4.800-5.000 EPS. Sell-side analysts predict that Primoris Services will post 4.49 earnings per share for the current year.

Hedge Funds Weigh In On Primoris Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its holdings in shares of Primoris Services by 224.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 214 shares of the company’s stock worth $29,000 after acquiring an additional 148 shares during the last quarter. Harbour Investments Inc. bought a new position in Primoris Services in the fourth quarter valued at $33,000. Root Financial Partners LLC raised its position in Primoris Services by 43.1% during the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock valued at $33,000 after purchasing an additional 69 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in Primoris Services during the second quarter valued at about $34,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Primoris Services during the third quarter worth about $37,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

About Primoris Services

(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. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.

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