Centuri (NYSE:CTRI) Raised to Buy at Wall Street Zen

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

CTRI has been the topic of several other reports. Cantor Fitzgerald lifted their price target on shares of Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their price objective on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research report on Wednesday, June 24th. Robert W. Baird set a $41.00 target price on Centuri in a report on Friday, May 8th. Finally, UBS Group raised their price target on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Two equities 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, the company has a consensus rating of “Hold” and an average target price of $37.80.

Centuri Stock Down 2.1%

CTRI stock traded down $0.55 during trading on Friday, hitting $25.73. 1,563,343 shares of the company’s stock were exchanged, compared to its average volume of 1,426,841. The business has a 50-day moving average price of $30.75 and a two-hundred day moving average price of $30.05. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 75.69, a PEG ratio of 0.85 and a beta of 1.06. Centuri has a 52-week low of $19.04 and a 52-week high of $42.99.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The company had revenue of $688.69 million for 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 firm’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) earnings per share. As a group, equities research analysts expect that Centuri will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL acquired a new stake in shares of Centuri in the 3rd quarter worth $4,992,000. JPMorgan Chase & Co. increased its stake in shares of Centuri by 942.9% during the third quarter. JPMorgan Chase & Co. now owns 153,022 shares of the company’s stock worth $3,239,000 after acquiring an additional 138,349 shares during the period. Hudson Bay Capital Management LP raised its holdings in Centuri by 68.5% during the third quarter. Hudson Bay Capital Management LP now owns 126,385 shares of the company’s stock worth $2,676,000 after purchasing an additional 51,385 shares in the last quarter. Maven Securities LTD purchased a new position in Centuri during the third quarter worth about $1,058,000. Finally, UBS Group AG lifted its position in Centuri by 59.9% in the fourth quarter. UBS Group AG now owns 1,025,061 shares of the company’s stock valued at $25,883,000 after purchasing an additional 384,054 shares during the period.

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.