Primoris Services Corp (Symbol: PRIM) shares recently crossed the average analyst 12-month target price of $62.25, trading at $63.56 per share. This development encourages investors to reassess the company’s valuation and consider whether to adjust their positions in light of recent performance.
Among four analysts covering Primoris, target prices vary significantly, with estimates ranging from $43.00 to $75.00 and a standard deviation of $14.314. Currently, the analyst breakdown includes 3 strong buy ratings and 1 hold rating, with an average rating of 1.5 on a scale where 1 indicates a strong buy and 5 indicates a strong sell.
Recent trends also show an increase in strong buy ratings from 2 to 3 over the past month, indicating growing confidence among analysts regarding Primoris’s potential.
