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


The leading market experts have placed a mean price target of $21.25 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 $0.33 a share for the upcoming quarter and $0.74 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 $18.28, and stock is trading $0.37 points away or +2.04% from its 50-day moving average of $18.28. Further it is trading $-2.21 or -10.59% away its 200-day moving average of $20.86. 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 $-6.60, it will post a 52-week high. In event of +16.78% 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 24.57.

The stock last ended the trading session at $18.65 and registered a market cap of $965.77M. 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 2.17.

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