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After finishing at $44.52 in the prior trading day, Primoris Services Corp (NYSE: PRIM) closed at $43.16, down -3.05%. In other words, the price has decreased by -$3.05 from its previous closing price. On the day, 0.58 million shares were traded. PRIM stock price reached its highest trading level at $44.56 during the session, while it also had its lowest trading level at $42.82.
Ratios:
Our goal is to gain a better understanding of PRIM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.14. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 0.93.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on April 03, 2023, Upgraded its rating to Neutral and sets its target price to $27 from $22.50 previously.
On November 11, 2021, Goldman Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $27 to $24.
On July 16, 2021, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $37.Morgan Stanley initiated its Overweight rating on July 16, 2021, with a $37 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 21 ’24 when Schauerman John P. sold 20,000 shares for $41.31 per share. The transaction valued at 826,144 led to the insider holds 217,281 shares of the business.
Schauerman John P. sold 20,000 shares of PRIM for $812,240 on Mar 15 ’24. The Director now owns 237,281 shares after completing the transaction at $40.61 per share. On Mar 13 ’24, another insider, King David Lee, who serves as the Director of the company, sold 2,500 shares for $40.69 each. As a result, the insider received 101,714 and left with 29,217 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRIM now has a Market Capitalization of 2314187520 and an Enterprise Value of 3406694912. As of this moment, Primoris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.60, and their Forward P/E ratio for the next fiscal year is 12.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 0.596 whereas that against EBITDA is 9.313.
Stock Price History:
Over the past 52 weeks, PRIM has reached a high of $47.87, while it has fallen to a 52-week low of $23.48. The 50-Day Moving Average of the stock is 5.86%, while the 200-Day Moving Average is calculated to be 26.07%.
Shares Statistics:
The stock has traded on average 485.20K shares per day over the past 3-months and 524900 shares per day over the last 10 days, according to various share statistics. A total of 53.37M shares are outstanding, with a floating share count of 52.75M. Insiders hold about 1.28% of the company’s shares, while institutions hold 92.78% stake in the company. Shares short for PRIM as of 1711584000 were 925274 with a Short Ratio of 1.91, compared to 1709164800 on 929622. Therefore, it implies a Short% of Shares Outstanding of 925274 and a Short% of Float of 1.95.
Dividends & Splits
In the trailing 12 months, PRIM’s forward annual dividend rate was 0.24, compared to 0.24 this year. The stock’s 5-year Average Dividend Yield is 1.02.
Earnings Estimates
The dynamic stock of Primoris Services Corp (PRIM) is currently attracting attention from Vanguard PRIMECAP Fund Admiral analysts actively involved in rating its market status.The consensus estimate for the next quarter is $211.64, with high estimates of $17.81 and low estimates of $43.16.
Analysts are recommending an EPS of between $Consumer Defensive and $Industrials for the fiscal current year, implying an average EPS of $Financial Services. EPS for the following year is $Stocks, with Mutual Fund analysts recommending between $Stocks and $Stocks.
