Primoris Services Corporation (PRIM)
NYSE: PRIM · IEX Real-Time Price · USD
53.45
-0.64 (-1.18%)
Jul 19, 2024, 4:00 PM EDT - Market closed
Primoris Services Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Primoris Services stock have an average target of 53.67, with a low estimate of 43 and a high estimate of 63. The average target predicts an increase of 0.41% from the current stock price of 53.45.
Analyst Consensus: Strong Buy
* Price targets were last updated on Apr 5, 2024.
Analyst Ratings
The average analyst rating for PRIM stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy Maintains $44 → $63 | Strong Buy | Maintains | $44 → $63 | +17.87% | Apr 5, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $38 → $43 | Hold | Maintains | $38 → $43 | -19.55% | Apr 4, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $45 → $55 | Strong Buy | Maintains | $45 → $55 | +2.90% | Apr 4, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $34 → $38 | Hold | Maintains | $34 → $38 | -28.91% | Feb 29, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $40 → $45 | Strong Buy | Maintains | $40 → $45 | -15.81% | Feb 28, 2024 |
Financial Forecast
Revenue This Year
6.10B
from 5.72B
Increased by 6.70%
Revenue Next Year
6.53B
from 6.10B
Increased by 7.10%
EPS This Year
2.88
from 2.33
Increased by 23.82%
EPS Next Year
3.45
from 2.88
Increased by 19.56%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.4B | 6.9B | 7.2B |
| Avg | 6.1B | 6.5B | 6.9B |
| Low | 5.7B | 6.1B | 6.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.0% | 13.3% | 10.5% |
| Avg | 6.7% | 7.1% | 5.2% |
| Low | 0.4% | -0.1% | -1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.31 | 3.97 | 4.67 |
| Avg | 2.88 | 3.45 | 4.28 |
| Low | 2.58 | 2.94 | 3.92 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 42.0% | 37.6% | 35.5% |
| Avg | 23.8% | 19.6% | 24.2% |
| Low | 10.6% | 1.9% | 13.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.