While Primoris Services Corp has underperformed by -6.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PRIM rose by 61.48%, with highs and lows ranging from $90.86 to $38.42, whereas the simple moving average fell by -1.45% in the last 200 days.
On January 08, 2025, Guggenheim started tracking Primoris Services Corp (NYSE: PRIM) recommending Buy. A report published by KeyBanc Capital Markets on December 11, 2024, Initiated its previous ‘Overweight’ rating for PRIM. JP Morgan also rated PRIM shares as ‘Overweight’, setting a target price of $71 on the company’s shares in an initiating report dated October 07, 2024. Goldman April 03, 2023d the rating to Neutral on April 03, 2023, and set its price target from $22.50 to $27. Goldman November 11, 2021d its ‘Neutral’ rating to ‘Sell’ for PRIM, as published in its report on November 11, 2021. Morgan Stanley’s report from July 16, 2021 suggests a price prediction of $37 for PRIM shares, giving the stock a ‘Overweight’ rating. Goldman also rated the stock as ‘Neutral’.
Analysis of Primoris Services Corp (PRIM)
With PRIM’s current dividend of $0.26 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 14.90%, showing a positive trend in the upcoming months.
Primoris Services Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 13.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.26, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and PRIM has an average volume of 829.03K. On a monthly basis, the volatility of the stock is set at 5.01%, whereas on a weekly basis, it is put at 5.95%, with a loss of -11.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $89.88, showing growth from the present price of $63.56, which can serve as yet another indication of whether PRIM is worth investing in or should be passed over.
How Do You Analyze Primoris Services Corp Shares?
Engineering & Construction giant Primoris Services Corp (PRIM) is based in the USA and is one of the largest companies in the market. When comparing Primoris Services Corp shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 19.20, there is a growth in quarterly earnings of 42.59%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.05%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PRIM shares are owned by institutional investors to the tune of 94.90% at present.
