Primoris Services Corp [PRIM] stock prices are down -0.40% to $59.12 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PRIM shares have gain 8.28% over the last week, with a monthly amount glided 11.19%, 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.
The stock price of Primoris Services Corp [PRIM] has been fluctuating between $28.96 and $59.69 over the past year. 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 $59.12 at the most recent close of the market. An investor can expect a potential drop of -29.8% based on the average PRIM price forecast.
Analyzing the PRIM fundamentals
The Primoris Services Corp [NYSE:PRIM] reported sales of 6.02B for trailing twelve months, representing a surge of 10.64%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.12 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.8.
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 58.58 points at the first support level, and at 58.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.96, and for the 2nd resistance point, it is at 60.81.
Ratios To Look Out For
It’s worth pointing out that Primoris Services Corp [NYSE:PRIM]’s Current Ratio is 1.41. As well, the Quick Ratio is 1.38, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 2.44 and price to earnings (TTM) ratio is 20.87.
Transactions by insiders
Recent insider trading involved Schauerman John P., Director, that happened on Sep 19 ’24 when 25000.0 shares were sold. Board Member, SCHAUERMAN FAMILY TRUST completed a deal on Sep 19 ’24 to buy 25000.0 shares. Meanwhile, CHIEF LEGAL AND ADMIN OFFICER Perisich John M. sold 4391.0 shares on Sep 13 ’24.
