Centuri (NYSE:CTRI) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Centuri (NYSE:CTRI) from a hold rating to a buy rating in a research report report published on Saturday.

Several other analysts have also recently commented on the company. Wells Fargo & Company raised their target price on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research report on Friday. Robert W. Baird set a $41.00 target price on Centuri in a research report on Friday. Cantor Fitzgerald raised their target price on Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. 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’s stock. According to data from MarketBeat.com, Centuri presently has an average rating of “Hold” and an average target price of $33.68.

Centuri Stock Performance

Shares of Centuri stock opened at $34.53 on Friday. The stock has a market cap of $3.49 billion, a PE ratio of 101.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. The business has a fifty day simple moving average of $31.88 and a 200-day simple moving average of $27.61. The company has a quick ratio of 1.78, a current ratio of 1.88 and a debt-to-equity ratio of 0.82. Centuri has a 12 month low of $17.97 and a 12 month high of $42.99.

Centuri (NYSE:CTRI) last issued its earnings results on Wednesday, May 6th. The company reported ($0.02) EPS 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%.Centuri’s revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) earnings per share. On average, sell-side analysts anticipate that Centuri will post 0.59 EPS for the current fiscal year.

Institutional Trading of Centuri

Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its position in Centuri by 13,385.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after purchasing an additional 1,874 shares during the last quarter. Amalgamated Bank boosted its position in Centuri by 288.1% during the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after purchasing an additional 1,691 shares during the last quarter. KBC Group NV acquired a new stake in Centuri during the first quarter valued at $67,000. CWM LLC boosted its position in Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after purchasing an additional 1,512 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after purchasing an additional 3,037 shares during 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.