Primoris Services (NYSE:PRIM) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Primoris Services (NYSE:PRIM) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning.

Primoris Services Stock Performance

Shares of NYSE PRIM opened at $142.46 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 2.26 and a beta of 1.43. Primoris Services has a 52 week low of $49.10 and a 52 week high of $143.94.

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.