Centuri (NYSE:CTRI) Rating Lowered to “Hold” at Wall Street Zen

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

Several other analysts have also recently weighed in on CTRI. UBS Group boosted their price objective on shares of Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Cantor Fitzgerald upped their price target on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Robert W. Baird set a $41.00 price target on Centuri in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.80.

Centuri Stock Up 0.3%

NYSE:CTRI opened at $27.77 on Monday. Centuri has a one year low of $19.04 and a one year high of $42.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $2.80 billion, a PE ratio of 81.68, a P/E/G ratio of 0.92 and a beta of 1.06. The firm’s 50 day simple moving average is $29.65 and its 200 day simple moving average is $30.11.

Centuri (NYSE:CTRI) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. The firm had revenue of $688.69 million during the quarter, compared to analysts’ expectations of $618.87 million. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The company’s revenue was up 31.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) EPS. On average, research analysts anticipate that Centuri will post 0.61 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CTRI. Caitong International Asset Management Co. Ltd grew its holdings in shares of Centuri by 13,385.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after acquiring an additional 1,874 shares in the last quarter. KBC Group NV purchased a new stake in Centuri in the first quarter worth $67,000. CWM LLC raised its stake in shares of Centuri by 59.7% in the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after buying an additional 1,512 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after buying an additional 3,037 shares during the period. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of Centuri during the 1st quarter valued at $183,000.

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.