4 Analysts Have This To Say About Primoris Services
Across the recent three months, 4 analysts have shared their insights on Primoris Services (NYSE:PRIM), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Primoris Services, presenting an average target of $45.25, a high estimate of $55.00, and a low estimate of $38.00. Surpassing the previous average price target of $39.25, the current average has increased by 15.29%.
Analyzing Analyst Ratings: A Detailed Breakdown
A clear picture of Primoris Services's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jerry Revich | Goldman Sachs | Raises | Neutral | $43.00 | $38.00 |
| Brent Thielman | DA Davidson | Raises | Buy | $55.00 | $45.00 |
| Jerry Revich | Goldman Sachs | Raises | Neutral | $38.00 | $34.00 |
| Brent Thielman | DA Davidson | Raises | Buy | $45.00 | $40.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Primoris Services. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Primoris Services compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Primoris Services's stock. This analysis reveals shifts in analysts' expectations over time.
Capture valuable insights into Primoris Services's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Primoris Services analyst ratings.
Discovering Primoris Services: A Closer Look
Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance and others.
Understanding the Numbers: Primoris Services's Finances
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Primoris Services's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.03% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 2.48%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Primoris Services's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.1%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Primoris Services's ROA stands out, surpassing industry averages. With an impressive ROA of 0.99%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.07, caution is advised due to increased financial risk.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.