Stock To Watch: Primoris Services Corporation (NASDAQ:PRIM)


The leading market experts have placed a mean price target of $26.50 on Primoris Services Corporation (NASDAQ:PRIM) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.45 a share for the upcoming quarter and $1.16 for the current fiscal. Technical View The technical analysis of Primoris Services Corporation plainly substantiates that the 50-day moving average of Primoris Services Corporation is $20.11, and stock is hovering -0.41 or -2.05% distant from $20.11. It is noted that the 200-day MA is $21.42, and Primoris Services Corporation stock is $-1.72 or -8.02% off from this point. Primoris Services Corporation (NASDAQ:PRIM) 52-week high is $25.25 and the 52-week low is $15.97. This explains if the stock moves $-5.55, it will post a 52-week high. In event of $+23.36% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Primoris Services Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Primoris Services Corporation (NASDAQ:PRIM) ratio came in at 26.99. The stock last ended the trading session at $19.70 and registered a market cap of $1.02B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Primoris Services Corporation (NASDAQ:PRIM) PEG ratio is at 1.46.

1 Chart Pattern Every Investor Should Know

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