Analyst Ratings for Primoris Services Corp. (PRIM)Updated: 2017-07-28
Analysts covering Primoris Services Corp. (NASDAQ:PRIM) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for PRIM last month.
A buy rating was issued by 2 analysts, 0 gave an overweight rating, 6 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for PRIM. The most optimistic analyst gave a price target of 29, implying potential capital gains of 16.79 percent. The most pessimistic price target was 26, which equates to a potential downside of 4.71 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates downwards for this quarter, by about -3.03 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -9.8 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -1.76 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.75 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
Analysts estimate earnings of PRIM to grow at a rate of 76.82 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. PRIM has a PEG ratio of 0.52.
PRIM has a 52-week high of 29.19 and a 52-week low of 16.13. Currently the stock is 53.94 percent higher than its low, and 14.94 percent below the high. PRIM has a P/E ratio of 40.05. Investors typically compare the P/E ratio to a company's peers in the industry. The PRIM value stock report compares PRIM to some of its peers using value stock charts. The stock has a market capitalization of $1.28 billion. PRIM's next earnings release will be on 0000-00-00, which is days away.