Mizuho cuts target for Primoris Services stock to USD 113.00

Published on 10/17/2026 at 22:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 10.70 percent to USD 1.69 billion. Primoris Services stock closed at USD 73.21 on October 16, 2026, down 0.73 percent versus the NYSE close.

Analyst target and earnings date

Mizuho Securities cut its Primoris target from USD 125.00 to USD 113.00 on October 8, 2026.
Revenue fell 10.70 percent to USD 1.69 billion in the second quarter.
Primoris Services stock closed at USD 73.21 on NYSE on October 16, 2026 at 4:02 p.m. ET, down 0.73 percent versus the prior close.
MarketBeat estimates the next earnings announcement for November 2, 2026.

PRIM, US74164F1030, Illustration mit AI erstellt.

Mizuho Securities cut its Primoris Services target from USD 125.00 to USD 113.00 on October 8, 2026, while maintaining a Buy rating, as Moomoo reported. The new target is 54.35 percent above the NYSE closing price of USD 73.21 on October 16, 2026. The stock closed down 0.73 percent versus the prior close of USD 73.75.

Revenue fell in the second quarter

Primoris reported second-quarter revenue of USD 1.69 billion, down 10.70 percent from the year-earlier period. The company posted adjusted earnings per share of minus USD 0.27, beating the consensus estimate of minus USD 0.35 by USD 0.08, according to MarketBeat. The revenue decline gives the target revision a weaker operating backdrop than the rating alone suggests.

Stock sits near its yearly low

Primoris closed at USD 73.21 on October 16, 2026, within a USD 65.00 to USD 205.50 52-week range. That leaves the stock 12.63 percent above its 52-week low and 64.38 percent below its high. The same session covered USD 71.51 to USD 74.44, while volume reached 2,202,464 shares against a 1,288,573-share average.

Valuation and next reporting date

Primoris had a market capitalization of USD 4.0 billion, a price-to-earnings ratio of 28.82 and a dividend yield of 0.00 percent as of October 16, 2026. MarketBeat estimates the next earnings announcement for November 2, 2026, after the market closes. The conference call is scheduled for November 3, 2026 at 10:00 a.m. ET.

Comparison with peers

October 16, 2026 closing data provide the comparison.

Primoris Services (NYSE, USD): minus 0.73 percent, P/E 28.82, market capitalization USD 4.0 billion
Quanta Services (NYSE, USD): minus 1.61 percent, P/E 72.38, market capitalization USD 95.0 billion
MasTec (NYSE, USD): minus 0.32 percent, P/E 30.47, market capitalization USD 15.3 billion

Range position sets the market frame

The October 16, 2026 close was 12.63 percent above the 52-week low and 64.38 percent below the high, leaving the range position as the clearest market frame for the stock.