Primoris Services Corp. Receives a Hold from KeyBanc

By Carrie Williams

KeyBanc analyst Matt Tucker reiterated a Hold rating on Primoris Services Corp. (NASDAQ: PRIM) yesterday. The company’s shares closed yesterday at $22.93.

According to TipRanks.com, Tucker is a 4-star analyst with an average return of 20.7% and a 92.9% success rate. Tucker covers the Utilities sector, focusing on stocks such as Southwest Gas Corp., Centerpoint Energy, and Dominion Resources.

Primoris Services Corp. has an analyst consensus of Hold, with a price target consensus of $21.

The company has a one year high of $25.25 and a one year low of $16.13. Currently, Primoris Services Corp. has an average volume of 232.9K.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. Most recently, in October 2014, Thomas Tucker, a Director at PRIM sold 2,000 shares for a total of $54,360.

Primoris Services Corp. operates as a holding company. It operates in the following segments: East Construction Services, West Construction Services and Engineering. The East and West Construction Services segment specialize in a range of services that include designing, building/installing, replacing, repairing/rehabilitating and providing management services for construction related projects. The Engineering segment engages in designing, supplying, and installing furnaces, heaters, burner management systems, and related combustion and process technologies for clients in the oil refining, petrochemical, and power generation industries. The company was founded by Brian Patt in 2004 and is headquartered in Dallas, TX.