Centuri (NYSE:CTRI) PT Lowered to $15.00

Centuri (NYSE:CTRI) had its target price trimmed by Bank of America from $21.00 to $15.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has an underperform rating on the stock.

CTRI has been the subject of several other research reports. Wells Fargo & Company lowered their price objective on shares of Centuri from $29.00 to $22.00 and set an overweight rating for the company in a research report on Tuesday. Williams Capital raised shares of Centuri to a strong-buy rating in a research report on Tuesday, May 14th. UBS Group downgraded shares of Centuri from a buy rating to a neutral rating and lowered their price objective for the stock from $30.00 to $17.00 in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Centuri from $28.00 to $19.00 and set a neutral rating for the company in a research report on Tuesday. Finally, Baird R W raised shares of Centuri to a strong-buy rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Centuri currently has an average rating of Moderate Buy and an average price target of $20.60.

Centuri Stock Down 0.4 %

Shares of NYSE:CTRI opened at $16.28 on Tuesday. Centuri has a 52 week low of $14.73 and a 52 week high of $28.65. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.91. The firm has a 50 day moving average price of $22.64.

Centuri (NYSE:CTRI) last issued its earnings results on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $672.08 million during the quarter, compared to the consensus estimate of $760.55 million. The firm’s revenue was down 16.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Centuri will post 0.51 earnings per share for the current fiscal year.

Insider Activity at Centuri

In other Centuri news, Director William Fehrman bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average price of $16.50 per share, with a total value of $330,000.00. Following the completion of the transaction, the director now owns 45,000 shares in the company, valued at $742,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Centuri stock. Rhumbline Advisers acquired a new stake in Centuri Holdings, Inc. (NYSE:CTRI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 15,382 shares of the company’s stock, valued at approximately $300,000.

About Centuri

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.