Centuri (NYSE:CTRI) Earns Sector Weight Rating from Analysts at KeyCorp

KeyCorp initiated coverage on shares of Centuri (NYSE:CTRI) in a report issued on Thursday, Benzinga reports. The brokerage issued a sector weight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company initiated coverage on shares of Centuri in a research note on Monday, May 13th. They set an overweight rating and a $29.00 target price on the stock. Bank of America restated an underperform rating and set a $21.00 price target (down from $26.00) on shares of Centuri in a research report on Thursday. JPMorgan Chase & Co. began coverage on Centuri in a report on Monday, May 13th. They issued a neutral rating and a $28.00 price objective for the company. UBS Group initiated coverage on shares of Centuri in a report on Monday, May 13th. They set a buy rating and a $30.00 target price on the stock. Finally, Baird R W upgraded shares of 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 issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Centuri presently has an average rating of Moderate Buy and an average target price of $27.60.

Centuri Stock Down 8.7 %

Shares of NYSE:CTRI opened at $19.48 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.91. Centuri has a 12 month low of $19.41 and a 12 month high of $28.65. The company’s 50-day moving average price is $25.52.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($137.53) earnings per share for the quarter. The business had revenue of $528.02 million during the quarter. Equities analysts expect that Centuri will post 0.55 earnings per share for the current year.

Insider Transactions at Centuri

In other news, CEO William Fehrman bought 25,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was acquired at an average cost of $21.00 per share, with a total value of $525,000.00. Following the completion of the acquisition, the chief executive officer now owns 25,000 shares of the company’s stock, valued at $525,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Centuri news, CEO William Fehrman bought 25,000 shares of Centuri stock in a transaction on Monday, April 22nd. The stock was acquired at an average price of $21.00 per share, with a total value of $525,000.00. Following the acquisition, the chief executive officer now owns 25,000 shares in the company, valued at $525,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Julie Dill purchased 5,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was acquired at an average price of $21.00 per share, with a total value of $105,000.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $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.