KeyCorp Begins Coverage on Centuri (NYSE:CTRI)

KeyCorp initiated coverage on shares of Centuri (NYSE:CTRI) in a note issued to investors on Thursday, Benzinga reports. The firm set a “sector weight” rating on the stock.

Several other analysts have also issued reports on CTRI. JPMorgan Chase & Co. started coverage on Centuri in a report on Monday, May 13th. They set a “neutral” rating and a $28.00 price target for the company. Bank of America reiterated an “underperform” rating and issued a $21.00 target price (down from $26.00) on shares of Centuri in a research report on Thursday. Williams Capital upgraded Centuri to a “strong-buy” rating in a research report on Tuesday, May 14th. Robert W. Baird initiated coverage on Centuri in a research report on Monday, May 13th. They set an “outperform” rating and a $30.00 price objective on the stock. Finally, Baird R W upgraded Centuri to a “strong-buy” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.60.

Centuri Stock Performance

Shares of NYSE CTRI traded down $3.29 during trading hours on Thursday, reaching $22.00. 2,315,594 shares of the stock traded hands, compared to its average volume of 506,944. The business’s 50-day moving average is $25.74. 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 has a 52-week low of $20.00 and a 52-week high of $28.65.

Centuri (NYSE:CTRI) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($137.53) earnings per share for the quarter. The company had revenue of $528.02 million during the quarter. On average, sell-side analysts anticipate that Centuri will post 0.59 EPS for the current fiscal year.

Insider Transactions at Centuri

In related news, CFO Gregory A. Izenstark purchased 5,250 shares of Centuri stock in a transaction dated Monday, April 22nd. The stock was bought at an average cost of $21.00 per share, with a total value of $110,250.00. Following the purchase, the chief financial officer now owns 5,250 shares in the company, valued at approximately $110,250. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Gregory A. Izenstark purchased 5,250 shares of Centuri stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average price of $21.00 per share, for a total transaction of $110,250.00. Following the transaction, the chief financial officer now owns 5,250 shares in the company, valued at $110,250. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Fehrman acquired 25,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was bought at an average price of $21.00 per share, for a total transaction of $525,000.00. Following the purchase, the chief executive officer now owns 25,000 shares in the company, valued at approximately $525,000. The disclosure for this purchase can be found here. In the last three months, insiders 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.