Primoris Services’ (PRIM) Neutral Rating Reaffirmed at Cantor Fitzgerald

Posted by Brenda Bartman on Sep 29th, 2026

Primoris Services (NYSE:PRIM – Get Free Report)‘s stock had its “neutral” rating restated by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $105.00 price target on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 47.65% from the company’s previous close.

Several other analysts also recently issued reports on PRIM. Wolfe Research reissued an “outperform” rating and set a $149.00 target price on shares of Primoris Services in a research note on Monday, June 15th. Needham & Company LLC decreased their price objective on shares of Primoris Services from $188.00 to $172.00 and set a “buy” rating for the company in a report on Monday, July 13th. Mizuho decreased their price objective on shares of Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Guggenheim decreased their price objective on shares of Primoris Services from $162.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Oppenheimer began coverage on shares of Primoris Services in a report on Tuesday, July 7th. They issued an “outperform” rating and a $135.00 price objective for the company. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.60.

View Our Latest Stock Analysis on PRIM

Primoris Services Price Performance

Shares of NYSE:PRIM opened at $71.11 on Tuesday. Primoris Services has a 12 month low of $65.00 and a 12 month high of $205.50. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 27.89 and a beta of 1.43. The stock’s 50 day moving average price is $78.79 and its 200 day moving average price is $108.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18.

Primoris Services (NYSE:PRIM – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.08. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Primoris Services had a return on equity of 9.96% and a net margin of 1.92%.The firm’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 earnings per share. Equities research analysts anticipate that Primoris Services will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Primoris Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Primoris Services during the second quarter worth $677,685,000. Wellington Management Group LLP lifted its position in Primoris Services by 148.7% in the 2nd quarter. Wellington Management Group LLP now owns 4,675,487 shares of the company’s stock valued at $463,434,000 after acquiring an additional 2,795,887 shares in the last quarter. First Trust Advisors LP lifted its position in Primoris Services by 47.4% in the 1st quarter. First Trust Advisors LP now owns 2,886,163 shares of the company’s stock valued at $412,837,000 after acquiring an additional 928,155 shares in the last quarter. Geode Capital Management LLC lifted its position in Primoris Services by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,325,103 shares of the company’s stock valued at $164,526,000 after acquiring an additional 42,052 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in Primoris Services by 0.5% in the 4th quarter. Westfield Capital Management Co. LP now owns 952,196 shares of the company’s stock valued at $118,206,000 after acquiring an additional 4,888 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Primoris Services Company Profile

(Get Free Report)

Primoris Services Corporation is a specialty contractor and infrastructure services company that provides construction, engineering, maintenance, and technical services across North America. The company serves utilities, energy producers, industrial customers, municipalities, and renewable energy developers.

Primoris operates through three primary business areas: Utilities, Energy, and Renewables. Its services include the construction, repair, replacement, and maintenance of electric transmission and distribution systems, natural gas and other utility infrastructure, communications networks, water and wastewater facilities, pipelines, power-generation assets, and industrial facilities.