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

Centuri (NYSE:CTRI)‘s stock had its “underperform” rating reaffirmed by analysts at Bank of America in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a $21.00 target price on the stock, down from their previous target price of $26.00. Bank of America‘s price objective would indicate a potential upside of 7.80% from the stock’s current price.

Several other analysts have also issued reports on CTRI. KeyCorp began coverage on shares of Centuri in a research report on Monday, May 13th. They set a “sector weight” rating for the company. Wells Fargo & Company initiated coverage on shares of Centuri in a research report on Monday, May 13th. They issued an “overweight” rating and a $29.00 price target for the company. Williams Capital upgraded shares of Centuri to a “strong-buy” rating in a research report on Tuesday, May 14th. Baird R W upgraded shares of Centuri to a “strong-buy” rating in a research report on Monday, May 13th. Finally, UBS Group initiated coverage on shares of Centuri in a research report on Monday, May 13th. They issued a “buy” rating and a $30.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Centuri presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.60.

Centuri Trading Down 8.7 %

Shares of CTRI stock opened at $19.48 on Thursday. The business has a 50 day moving average of $25.52. Centuri has a 52 week low of $19.41 and a 52 week high of $28.65. The company has a debt-to-equity ratio of 5.91, a current ratio of 1.39 and a quick ratio of 1.39.

Centuri (NYSE:CTRI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($137.53) EPS for the quarter. The firm had revenue of $528.02 million for the quarter. As a group, sell-side analysts anticipate that Centuri will post 0.59 EPS for the current year.

Insider Transactions at Centuri

In related news, Director Julie Dill bought 5,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were purchased at an average price of $21.00 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Centuri news, CFO Gregory A. Izenstark purchased 5,250 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were bought at an average price of $21.00 per share, with a total value of $110,250.00. Following the completion of the purchase, the chief financial officer now directly owns 5,250 shares in the company, valued at $110,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julie Dill purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were acquired at an average cost of $21.00 per share, for a total transaction of $105,000.00. Following the purchase, the director now 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 quarter, insiders have purchased 35,250 shares of company stock valued at $740,250.

About Centuri

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.