Primoris Services Corporation (PRIM)
NYSE: PRIM · Real-Time Price · USD
63.29
-0.27 (-0.42%)
Oct 29, 2024, 4:00 PM EDT - Market closed
Primoris Services Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Primoris Services stock have an average target of 61, with a low estimate of 43 and a high estimate of 75. The average target predicts a decrease of -3.62% from the current stock price of 63.29.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for PRIM stock from 4 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy Maintains $69 → $75 | Strong Buy | Maintains | $69 → $75 | +18.50% | Oct 23, 2024 |
| JP Morgan | JP Morgan | Buy Initiates $71 | Buy | Initiates | $71 | +12.18% | Oct 7, 2024 |
| UBS | UBS | Strong Buy Maintains $44 → $63 | Strong Buy | Maintains | $44 → $63 | -0.46% | Apr 5, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $38 → $43 | Hold | Maintains | $38 → $43 | -32.06% | Apr 4, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $45 → $55 | Strong Buy | Maintains | $45 → $55 | -13.10% | Apr 4, 2024 |
Financial Forecast
Revenue This Year
6.21B
from 5.72B
Increased by 8.67%
Revenue Next Year
6.63B
from 6.21B
Increased by 6.76%
EPS This Year
3.41
from 2.33
Increased by 46.56%
EPS Next Year
3.88
from 3.41
Increased by 13.74%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.7B | 7.2B | 7.5B |
| Avg | 6.2B | 6.6B | 7.0B |
| Low | 5.8B | 6.2B | 6.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.5% | 15.3% | 12.8% |
| Avg | 8.7% | 6.8% | 5.2% |
| Low | 2.0% | 0.0% | -1.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.58 | 4.15 | 4.78 |
| Avg | 3.41 | 3.88 | 4.24 |
| Low | 3.19 | 3.57 | 3.62 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 53.7% | 21.5% | 23.0% |
| Avg | 46.6% | 13.7% | 9.2% |
| Low | 37.1% | 4.5% | -6.9% |
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.