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Primoris Services (NYSE:PRIM) Corporation stock reached an all-time high of 113.5 USD, marking a significant milestone for the $6.1 billion construction and engineering firm. According to InvestingPro data, the stock’s RSI indicates overbought territory, while analyst targets range from $110 to $128. This achievement reflects a remarkable 1-year change of 113.91%, showcasing the company’s robust performance and investor confidence over the past year. With revenue growth of 15% and a P/E ratio of 25.2, the stock’s rise to this unprecedented level underscores Primoris’s strategic growth initiatives and market expansion efforts, which have evidently resonated well with stakeholders. As the company continues to navigate the dynamic economic landscape, this all-time high serves as a testament to its operational resilience and potential for future growth. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report for deeper analysis of PRIM’s momentum and valuation metrics.
In other recent news, Primoris Services Corporation reported strong financial results for the second quarter of 2025. The company achieved earnings per share of $1.68, which exceeded analyst expectations by 55.56%. Additionally, Primoris’s revenue reached $1.9 billion, surpassing forecasts by 11.83%. Following these results, KeyBanc raised its price target for Primoris Services from $98.00 to $119.00, maintaining an Overweight rating on the stock. The robust performance has also led the company to revise its 2025 targets upwards. These developments indicate a positive outlook for Primoris Services, according to analysts at KeyBanc.
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