D.A. Davidson analyst Brent Thielman maintained a Buy rating on Primoris Services (PRIM – Research Report) today and set a price target of $40.00. The company’s shares closed yesterday at $30.97.
According to TipRanks, Thielman is a 5-star analyst with an average return of 13.4% and a 56.89% success rate. Thielman covers the Industrials sector, focusing on stocks such as Aaon, Dycom, and Encore Wire.
Currently, the analyst consensus on Primoris Services is a Moderate Buy with an average price target of $35.00.
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The company has a one-year high of $36.12 and a one-year low of $16.13. Currently, Primoris Services has an average volume of 310K.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRIM in relation to earlier this year.
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Primoris Services (PRIM) Company Description:
Primoris Services Corp. is a holding company, which engages in the provision of construction, fabrication, maintenance, replacement, and engineering services. It operates through the following segments: Power, Pipeline, Utilities, Transmission, and Civil. The Power segment comprises full engineering, procurement, and construction project delivery; turnkey construction; retrofits; upgrades; repairs; outages; and maintenance petroleum, petrochemical, water, and other industries. The Pipeline segment includes pipeline construction and maintenance, facility work, compressor stations, pump stations, metering facilities, and other pipeline related services for petroleum and petrochemical industries. The Utilities segment involves in the utility line installation and maintenance, gas and electric distribution, streetlight construction, substation work, and fiber optic cable installation. The Transmission segment specializes in electric and gas transmission and distribution, including comprehensive engineering, procurement, maintenance and construction, repair, and restoration of utility infrastructure. The Civil segment consists of highway and bridge construction, airport runway and taxiway construction, demolition, heavy earthwork, soil stabilization, mass excavation, and drainage projects. The company was founded by Brian Patt in 2004 and is headquartered in Dallas, TX.
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