Wall Street Zen Upgrades Centuri (NYSE:CTRI) to Buy

Centuri (NYSE:CTRI) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

CTRI has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Robert W. Baird set a $41.00 price objective on Centuri in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. Cantor Fitzgerald raised their price objective on Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Wells Fargo & Company raised their price objective on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.80.

Centuri Stock Performance

Shares of Centuri stock opened at $30.38 on Friday. The stock’s fifty day moving average is $32.30 and its two-hundred day moving average is $29.40. The company has a market capitalization of $3.07 billion, a PE ratio of 89.34, a price-to-earnings-growth ratio of 1.05 and a beta of 1.06. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.82. Centuri has a 52 week low of $19.04 and a 52 week high of $42.99.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million for the quarter, compared to the consensus estimate of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.Centuri’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) EPS. As a group, analysts expect that Centuri will post 0.59 earnings per share for the current year.

Institutional Trading of Centuri

A number of institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in Centuri by 164.9% during the first quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock worth $2,517,000 after buying an additional 95,585 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Centuri by 6.5% in the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock valued at $329,000 after buying an additional 890 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Centuri by 126.8% in the second quarter. Legal & General Group Plc now owns 29,723 shares of the company’s stock valued at $667,000 after buying an additional 16,618 shares in the last quarter. Rhumbline Advisers grew its stake in Centuri by 10.1% during the 2nd quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock worth $543,000 after purchasing an additional 2,228 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Centuri by 51.4% during the 2nd quarter. American Century Companies Inc. now owns 47,447 shares of the company’s stock worth $1,065,000 after purchasing an additional 16,115 shares in the last quarter.

About Centuri

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.