Currently, Primoris Services Corp [PRIM] is trading at $44.52, down -0.54%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PRIM shares have lost -2.99% over the last week, with a monthly amount glided 10.25%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Primoris Services Corp [NYSE: PRIM] stock has seen the most recent analyst activity on April 03, 2023, when Goldman upgraded its rating to a Neutral and also boosted its price target to $27 from $22.50. Previously, Goldman downgraded its rating to Sell on November 11, 2021, and dropped its price target to $24. On July 16, 2021, Morgan Stanley initiated with a Overweight rating and assigned a price target of $37 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $35 on June 16, 2021. KeyBanc Capital Markets downgraded its rating to a Sector Weight. KeyBanc Capital Markets upgraded its rating to Overweight for this stock on February 06, 2019, but kept the price target unchanged to $28. In a note dated February 28, 2018, Sidoti upgraded an Buy rating on this stock.
This stock has fluctuated between a low of $23.48 and a high of $47.87 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $41.5 within the next 12 months. Primoris Services Corp [NYSE: PRIM] shares were valued at $44.52 at the most recent close of the market. An investor can expect a potential drop of -6.78% based on the average PRIM price forecast.
Analyzing the PRIM fundamentals
Trailing Twelve Months sales for Primoris Services Corp [NYSE:PRIM] were 5.72B which represents 14.03% growth. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 43.83 points at the first support level, and at 43.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.01, and for the 2nd resistance point, it is at 45.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Primoris Services Corp [NYSE:PRIM] is 1.41. Also, the Quick Ratio is 1.38, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 1.92 and price to earnings (TTM) ratio is 19.18.
Transactions by insiders
Recent insider trading involved Schauerman John P., Director, that happened on Mar 21 ’24 when 20000.0 shares were sold. Director, Schauerman John P. completed a deal on Mar 15 ’24 to sell 20000.0 shares. Meanwhile, Director King David Lee sold 2500.0 shares on Mar 13 ’24.
