Primoris Services Corp (NYSE: PRIM) stock closed at $73.85 on 11/5/24 after a major increase of 14.8%. Moreover, exceptionally high trading volume at 349% of normal accompanied the advance. The stock has risen 16.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PRIM is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Primoris Services has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Primoris Services has a neutral Appreciation Score of 56 but a very high Power Rating of 98, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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