Centuri’s (CTRI) “Underperform” Rating Reaffirmed at Bank of America

Bank of America reiterated their underperform rating on shares of Centuri (NYSE:CTRI) in a research note published on Thursday morning, MarketBeat.com reports. Bank of America currently has a $21.00 target price on the stock, down from their previous target price of $26.00.

Several other brokerages also recently commented on CTRI. Williams Capital upgraded Centuri to a strong-buy rating in a report on Tuesday, May 14th. Wells Fargo & Company assumed coverage on shares of Centuri in a report on Monday, May 13th. They issued an overweight rating and a $29.00 target price on the stock. KeyCorp began coverage on shares of Centuri in a research report on Monday, May 13th. They set a sector weight rating for the company. JPMorgan Chase & Co. initiated coverage on Centuri in a research note on Monday, May 13th. They issued a neutral rating and a $28.00 price objective on the stock. Finally, Baird R W upgraded 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Centuri currently has a consensus rating of Moderate Buy and a consensus target price of $27.60.

Centuri Price Performance

CTRI stock opened at $21.33 on Thursday. The business has a 50 day simple moving average of $25.65. 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 $19.98 and a 12 month high of $28.65.

Centuri (NYSE:CTRI) last posted its earnings results on Wednesday, May 8th. The company reported ($137.53) EPS for the quarter. The business had revenue of $528.02 million for the quarter. Research analysts anticipate that Centuri will post 0.59 EPS for the current year.

Insider Activity

In other Centuri news, CEO William Fehrman purchased 25,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were purchased at an average price of $21.00 per share, for a total transaction of $525,000.00. Following the completion of the purchase, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at $525,000. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, 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 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 in the company, valued at $105,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Fehrman purchased 25,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at $525,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 35,250 shares of company stock worth $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.