Primoris Services Corporation (PRIM)
NYSE: PRIM · IEX Real-Time Price · USD
42.57
+0.57 (1.36%)
Mar 28, 2024, 4:00 PM EDT - Market closed
Primoris Services Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Primoris Services stock have an average target of 41.5, with a low estimate of 38 and a high estimate of 45. The average target predicts a decrease of -2.51% from the current stock price of 42.57.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PRIM stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
Rating | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Buy | 1 | 1 | 1 | 1 | 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 | 3 | 3 | 3 | 3 | 2 | 2 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Goldman Sachs | Goldman Sachs | Hold Maintains $34 → $38 | Hold | Maintains | $34 → $38 | -10.74% | Feb 29, 2024 |
DA Davidson | DA Davidson | Strong Buy Maintains $40 → $45 | Strong Buy | Maintains | $40 → $45 | +5.71% | Feb 28, 2024 |
DA Davidson | DA Davidson | Strong Buy Maintains $34 → $40 | Strong Buy | Maintains | $34 → $40 | -6.04% | Aug 10, 2023 |
Goldman Sachs | Goldman Sachs | Hold Maintains $27 → $30 | Hold | Maintains | $27 → $30 | -29.53% | Jul 17, 2023 |
Goldman Sachs | Goldman Sachs | Strong Sell → Hold Upgrades $23 → $27 | Strong Sell → Hold | Upgrades | $23 → $27 | -36.58% | Apr 3, 2023 |
Financial Forecast
Revenue This Year
6.19B
from 5.72B
Increased by 8.38%
Revenue Next Year
6.63B
from 6.19B
Increased by 7.02%
EPS This Year
2.85
from 2.33
Increased by 22.49%
EPS Next Year
3.24
from 2.85
Increased by 13.70%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 6.5B | 7.1B | 7.3B |
Avg | 6.2B | 6.6B | 6.9B |
Low | 5.9B | 6.2B | 6.4B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 13.3% | 14.2% | 10.4% |
Avg | 8.4% | 7.0% | 4.0% |
Low | 3.0% | -0.6% | -3.2% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | 3.26 | 3.60 | 3.89 |
Avg | 2.85 | 3.24 | 3.77 |
Low | 2.53 | 2.75 | 3.63 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 39.7% | 26.2% | 19.7% |
Avg | 22.5% | 13.7% | 16.3% |
Low | 8.5% | -3.5% | 11.7% |
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.