Centuri (NYSE:CTRI) Stock Rating Lowered by UBS Group

UBS Group downgraded shares of Centuri (NYSE:CTRI) from a buy rating to a neutral rating in a report published on Tuesday morning, Marketbeat reports. The firm currently has $17.00 price objective on the stock, down from their prior price objective of $30.00.

Several other research analysts also recently weighed in on CTRI. Williams Capital raised shares of Centuri to a strong-buy rating in a report on Tuesday, May 14th. Baird R W raised shares of Centuri to a strong-buy rating in a research note on Monday, May 13th. KeyCorp assumed coverage on shares of Centuri in a research note on Thursday, June 27th. They issued a sector weight rating on the stock. Robert W. Baird started coverage on Centuri in a research report on Monday, May 13th. They set an outperform rating and a $30.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on Centuri in a research report on Monday, May 13th. They issued a neutral rating and a $28.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $20.60.

Centuri Stock Performance

CTRI opened at $16.32 on Tuesday. The company has a debt-to-equity ratio of 5.91, a quick ratio of 1.39 and a current ratio of 1.39. The company’s fifty day moving average price is $22.82. Centuri has a fifty-two week low of $14.73 and a fifty-two week high of $28.65.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $672.08 million during the quarter, compared to analysts’ expectations of $760.55 million. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. Equities analysts forecast that Centuri will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Centuri

In related news, Director William Fehrman acquired 20,000 shares of Centuri stock in a transaction on Wednesday, July 31st. The shares were bought at an average cost of $16.50 per share, with a total value of $330,000.00. Following the completion of the purchase, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $742,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Centuri

A hedge fund recently bought a new stake in Centuri stock. Rhumbline Advisers acquired a new position in Centuri Holdings, Inc. (NYSE:CTRI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,382 shares of the company’s stock, valued at approximately $300,000.

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.