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.
Many analysts weighed in on price targets for PRIM. The most optimistic price target was 29, which equates to a potential upside 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.
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. If we look at the last 90 days instead, we find a net average change of -1.75 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 1 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.
The growth rate of PRIM's earnings is estimated by analysts to be 76.82 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of PRIM is 0.52.
PRIM has traded between a high of 29.19 and a low of 16.13 over the past year. Today's price is 53.94 percent above the 52-week low, and 14.94 percent below the high. PRIM has a price/earnings 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.