Mizuho Reiterates Buy Rating on Primoris Services with $117 Price Target
Mizuho maintains its positive outlook on Primoris Services, setting a $117 price target, a 22.67% upside from the current price.
Key Points
- On June 23, 2026, Mizuho reiterated its buy rating on Primoris Services Corporation (NYSE:PRIM) with a price target of $117.
- Mizuho's $117 price target implies 22.67% upside from Primoris Services Corporation's ($PRIM) current $95.38 share price.
- Shares of Primoris Services traded near $108.34 on Tuesday, with a market cap of approximately $5.88 billion and a P/E ratio of 23.9.
- Insiders have been active, with CEO Koti Vadlamudi purchasing 7,815 shares on May 27, 2026.
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Mizuho has reiterated its buy rating on Primoris Services Corporation (NYSE:PRIM), setting a price target of $117. This update came on June 23, 2026, as shares traded near $108.34 on Tuesday.
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Primoris Services Corporation Stock Up 30.4%
Shares of NYSE:PRIM traded near $108.34 on Tuesday. Primoris Services Corporation has a market cap of about $5.88 billion and a P/E ratio of 23.9. The stock's 52-week range is between $73.9 and $205.5, with a 50-day moving average of $134.59 and a 200-day moving average of $136.31. The company's beta is 1.383, indicating a higher volatility compared to the market.
$PRIM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Primoris Services reported $7.49 billion in revenue, though it experienced a slight revenue decline of 5.4%. The company posted an EPS of $4.53, with a net margin of 3.31% and a return on equity of 15.85%. The next earnings report is expected on August 3, 2026.
Insider Buying and Selling at Primoris Services Corporation
There has been notable insider activity at Primoris Services. On May 27, 2026, CEO Koti Vadlamudi purchased 7,815 shares at an average price of $127.96. Meanwhile, Chief Legal and Admin Officer John Perisich sold 29,707 shares on May 28, 2026, at an average price of $127.86. Additionally, David Lee King sold 20,000 shares on May 26, 2026, at an average price of $119.09.
Analysts Set New Price Targets
On June 23, 2026, Mizuho maintained its buy rating on Primoris Services with a price target of $117. Guggenheim also reiterated a buy rating, setting a higher target of $162. Wells Fargo maintained a hold rating with a target of $85. The consensus among analysts is a buy, with an average target price of $143.79 based on 14 opinions.
About Primoris Services Corporation
Primoris Services Corporation provides infrastructure services in the United States and Canada. The company operates through two segments: Utilities and Energy. The Utilities segment focuses on installing and maintaining natural gas and electric utility systems, while the Energy segment offers engineering and construction services for energy and transportation sectors. Headquartered in Dallas, Texas, Primoris employs around 18,526 people and is led by CEO Koti Vadlamudi.
Bottom Line
Mizuho's reiterated buy rating and $117 price target reflect continued confidence in Primoris Services. With its operations in essential infrastructure sectors, Primoris remains a company to watch. Investors should note that analyst ratings are forward-looking and based on current data, which can change over time.
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