Is Primoris Services Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NYSE: PRIM) stock is to Buy PRIM stock.
Out of 2 analysts, 1 (50%) are recommending PRIM as a Strong Buy, 0 (0%) are recommending PRIM as a Buy, 1 (50%) are recommending PRIM as a Hold, 0 (0%) are recommending PRIM as a Sell, and 0 (0%) are recommending PRIM as a Strong Sell.
What is PRIM's forecast return on equity (ROE) for 2023-2024?
(NYSE: PRIM) forecast ROE is 15.03%, which is considered weak.
What is PRIM's Price Target?
According to 2 Wall Street analysts that have issued a 1 year PRIM price target, the average PRIM price target is $35.00, with the highest PRIM stock price forecast at $40.00 and the lowest PRIM stock price forecast at $30.00.
On average, Wall Street analysts predict that Primoris Services's share price could reach $35.00 by Aug 10, 2024. The average Primoris Services stock price prediction forecasts a potential upside of 6.71% from the current PRIM share price of $32.80.
What is PRIM's forecast return on assets (ROA) for 2023-2024?
(NYSE: PRIM) forecast ROA is 4.64%, which is lower than the forecast US Engineering & Construction industry average of 6.88%.
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