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.
Several price targets were given for PRIM by the analysts covering the stock. The maximum price target given was 29, implying a possible profit of 16.79 percent. The most pessimistic price target was 26, implying potential capital losses of 4.71 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -3.03 percent. That number becomes -9.8 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -1.76 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.75 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.
Analysts estimate earnings of PRIM to grow at a rate of 76.82 percent. It's possible to gain additional insight about growth valuation of a company by looking at 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. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. PRIM has a PEG ratio of 0.52.
In the last 52-weeks, PRIM has achieved a high of 29.19 and a low of 16.13. The current market price is above the trailing year's low by 53.94 percent, 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 market cap of PRIM is $1.28 billion. PRIM is estimated to release their earnings results for the quarter on 0000-00-00, days from today.