Centuri’s (CTRI) Underperform Rating Reiterated at Bank of America

Bank of America reissued their underperform rating on shares of Centuri (NYSE:CTRI) in a research report sent to investors on Thursday morning, MarketBeat reports. The firm currently has a $21.00 target price on the stock, down from their prior target price of $26.00.

Several other research firms have also weighed in on CTRI. Wells Fargo & Company began coverage on Centuri in a report on Monday, May 13th. They set an overweight rating and a $29.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Centuri in a report on Monday, May 13th. They issued a neutral rating and a $28.00 target price for the company. KeyCorp assumed coverage on shares of Centuri in a report on Monday, May 13th. They set a sector weight rating on the stock. Robert W. Baird started coverage on shares of Centuri in a research note on Monday, May 13th. They issued an outperform rating and a $30.00 price objective for the company. Finally, Baird R W raised Centuri to a strong-buy rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $27.60.

Centuri Stock Down 8.7 %

Centuri stock opened at $19.48 on Thursday. Centuri has a 52-week low of $19.41 and a 52-week high of $28.65. The company’s fifty day simple moving average is $25.52. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.91.

Centuri (NYSE:CTRI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($137.53) EPS for the quarter. The company had revenue of $528.02 million for the quarter. Equities research analysts expect that Centuri will post 0.55 EPS for the current fiscal year.

Insider Transactions at Centuri

In other news, Director Julie Dill purchased 5,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was purchased at an average price of $21.00 per share, for a total transaction of $105,000.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $105,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Centuri news, CEO William Fehrman purchased 25,000 shares of Centuri stock in a transaction dated Monday, April 22nd. The stock was acquired at an average price of $21.00 per share, for a total transaction of $525,000.00. Following the acquisition, the chief executive officer now owns 25,000 shares in the company, valued at approximately $525,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Julie Dill acquired 5,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were acquired at an average price of $21.00 per share, for a total transaction of $105,000.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $105,000. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 35,250 shares of company stock valued at $740,250.

Centuri Company Profile

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.