Centuri (NYSE:CTRI) Stock Rating Reaffirmed by Bank of America

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

Several other equities analysts have also commented on the company. Wells Fargo & Company initiated coverage on Centuri in a research note on Monday, May 13th. They issued an overweight rating and a $29.00 price target on the stock. KeyCorp began coverage on shares of Centuri in a research note on Monday, May 13th. They set a sector weight rating for the company. Robert W. Baird began coverage on shares of Centuri in a research note on Monday, May 13th. They issued an outperform rating and a $30.00 price target on the stock. Baird R W raised 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 report on Monday, May 13th. They issued a buy rating and a $30.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $27.60.

Centuri Stock Down 8.7 %

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

Centuri (NYSE:CTRI) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($137.53) earnings per share (EPS) for the quarter. The firm had revenue of $528.02 million for the quarter. As a group, equities analysts predict that Centuri will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO William Fehrman acquired 25,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were acquired at an average price of $21.00 per share, with a total value of $525,000.00. Following the completion of the transaction, the chief executive officer now 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 at this hyperlink. In other news, Director Julie Dill purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average price of $21.00 per share, for a total transaction of $105,000.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $105,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Fehrman purchased 25,000 shares of the stock in a transaction on Monday, April 22nd. The shares were purchased 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 directly owns 25,000 shares in the company, valued at $525,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 35,250 shares of company stock worth $740,250 in the last ninety days.

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.