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.
PRIM was given price targets by several analysts. The most optimistic analyst gave a price target of 29, implying potential capital gains of 16.79 percent. The most pessimistic analyst gave a price target of 26, implying potential capital losses of 4.71 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
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. 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. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 1 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.
PRIM has an estimated earnings growth rate of 76.82 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. PRIM has a PEG ratio of 0.52.
In the trailing 52-weeks, PRIM hit 29.19 at the highest peak, while it's lowest trading point was 16.13. Today's price is 53.94 percent above the 52-week low, and 14.94 percent lower than its 52-week 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's next earnings release will be on 0000-00-00, which is days away.