Media coverage about Primoris Services (NASDAQ:PRIM) has been trending positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Primoris Services earned a media sentiment score of 0.37 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 45.3909464843616 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Primoris Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. BidaskClub downgraded shares of Primoris Services from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 20th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $30.00 price objective on shares of Primoris Services in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $31.67.
Primoris Services (NASDAQ PRIM) traded up $0.14 during midday trading on Friday, hitting $24.42. 100,100 shares of the stock were exchanged, compared to its average volume of 208,065. Primoris Services has a one year low of $21.83 and a one year high of $30.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.41 and a current ratio of 1.49. The firm has a market cap of $1,249.18, a P/E ratio of 19.54, a P/E/G ratio of 1.79 and a beta of 1.29.
In other news, Director John P. Schauerman sold 50,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $28.00, for a total transaction of $1,400,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen C. Cook sold 3,980 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $27.82, for a total value of $110,723.60. Following the sale, the director now owns 10,502 shares of the company’s stock, valued at approximately $292,165.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,057 shares of company stock valued at $1,759,706. Corporate insiders own 24.00% of the company’s stock.
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Primoris Services Company Profile
Primoris Services Corporation is a holding company. The Company holds various subsidiaries, through which it operates as a specialty contractor and infrastructure company. The Company provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation and other customers.
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