At the time of writing, Primoris Services Corp [PRIM] stock is trading at $63.37, up 0.16%. 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 gain 3.34% over the last week, with a monthly amount glided 7.19%, 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 October 07, 2024, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $71. Previously, Goldman upgraded its rating to Neutral on April 03, 2023, and elevated its price target to $27. On November 11, 2021, downgrade downgraded it’s rating to Sell and revised its price target to $24 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $37 on July 16, 2021. Goldman initiated its recommendation with a Neutral and recommended $35 as its price target on June 16, 2021. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on October 27, 2020. In a note dated February 06, 2019, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $28.
For the past year, the stock price of Primoris Services Corp fluctuated between $28.96 and $63.85. 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 $63.37 at the most recent close of the market. An investor can expect a potential drop of -34.51% based on the average PRIM price forecast.
Analyzing the PRIM fundamentals
According to Primoris Services Corp [NYSE:PRIM], the company’s sales were 6.02B for trailing twelve months, which represents an 10.64% jump. 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 62.87 points at the first support level, and at 62.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.84, and for the 2nd resistance point, it is at 64.31.
Ratios To Look Out For
It is important to note that Primoris Services Corp [NYSE:PRIM] has a current ratio of 1.41. Also, the Quick Ratio is 1.38, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 2.62 and price to earnings (TTM) ratio is 22.37.
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.
