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

Centuri (NYSE:CTRI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other brokerages have also recently weighed in on CTRI. Robert W. Baird set a $41.00 price objective on Centuri in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a report on Friday, March 27th. JPMorgan Chase & Co. lifted their price objective on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. UBS Group lifted their price objective on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Cantor Fitzgerald lifted their price objective on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Centuri has an average rating of “Hold” and an average price target of $37.80.

Centuri Stock Performance

NYSE:CTRI opened at $29.90 on Friday. The stock has a market cap of $3.02 billion, a P/E ratio of 87.96, a PEG ratio of 1.08 and a beta of 1.06. The stock has a 50 day simple moving average of $32.26 and a 200 day simple moving average of $29.06. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Centuri has a 1-year low of $19.04 and a 1-year high of $42.99.

Centuri (NYSE:CTRI) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.05. The business had revenue of $688.69 million during the quarter, compared to analysts’ expectations of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) EPS. Research analysts anticipate that Centuri will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On Centuri

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming increased its holdings in Centuri by 5.0% in the 1st quarter. State of Wyoming now owns 15,880 shares of the company’s stock worth $464,000 after purchasing an additional 752 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Centuri by 6.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after purchasing an additional 890 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in Centuri by 7.0% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company’s stock worth $517,000 after purchasing an additional 1,337 shares in the last quarter. Arizona State Retirement System increased its holdings in Centuri by 5.9% in the 4th quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after purchasing an additional 1,400 shares in the last quarter. Finally, CWM LLC increased its holdings in Centuri by 59.7% in the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after purchasing an additional 1,512 shares in the last quarter.

Centuri Company Profile

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.