Primoris Services Corp [PRIM] stock is trading at $81.86, up 3.10%. 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 4.17% over the last week, with a monthly amount glided 3.74%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Primoris Services Corp [NYSE: PRIM] stock has seen the most recent analyst activity on December 11, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $96. Previously, JP Morgan started tracking the stock with Overweight rating on October 07, 2024, and set its price target to $71. On April 03, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $27 on the stock. Goldman downgraded its rating to a Sell and decreased its price target to $24 on November 11, 2021. Morgan Stanley initiated its recommendation with a Overweight and recommended $37 as its price target on July 16, 2021. Goldman started tracking with a Neutral rating for this stock on June 16, 2021, and assigned it a price target of $35. In a note dated October 27, 2020, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
Primoris Services Corp [PRIM] stock has fluctuated between $30.94 and $84.97 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 $81.86 at the most recent close of the market. An investor can expect a potential drop of -49.3% based on the average PRIM price forecast.
Analyzing the PRIM fundamentals
Primoris Services Corp [NYSE:PRIM] reported sales of 6.14B for the trailing twelve months, which represents a growth of 7.82%. 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 0.13 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 80.46 points at the first support level, and at 79.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.58, and for the 2nd resistance point, it is at 83.29.
Ratios To Look Out For
For context, Primoris Services Corp’s Current Ratio is 1.38. As well, the Quick Ratio is 1.35, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.71, the price to book ratio is 3.24 and price to earnings (TTM) ratio is 27.14.
Transactions by insiders
Recent insider trading involved STRICKER TRAVIS L, CHIEF ACCOUNTING OFFICER, that happened on Dec 12 ’24 when 4583.0 shares were sold. Officer, STRICKER TRAVIS L completed a deal on Dec 12 ’24 to buy 4583.0 shares. Meanwhile, Director King David Lee sold 2000.0 shares on Dec 02 ’24.
