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 highest price target was 29, which equates to a potential upside of 16.79 percent. The most pessimistic analyst gave a price target of 26, which equates to a potential downside of 4.71 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates downwards for this quarter, by about -3.03 percent on average, compared to last month. That number becomes -9.8 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -1.76 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.75 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.
Analysts estimate earnings of PRIM to grow at a rate of 76.82 percent. The PEG ratio of a stock is another value frequently studied by investors. 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, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of PRIM is 0.52.
In the last 52-weeks, PRIM has achieved a high of 29.19 and a low of 16.13. Today's price is 53.94 percent above the 52-week low, and below the high by 14.94 percent. 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's next earnings release will be on 0000-00-00, which is days away.