Centuri (NYSE:CTRI) Receives New Coverage from Analysts at KeyCorp

KeyCorp began coverage on shares of Centuri (NYSE:CTRIFree Report) in a research report report published on Thursday morning, Benzinga reports. The firm issued a sector weight rating on the stock.

CTRI has been the subject of a number of other reports. Wells Fargo & Company assumed coverage on shares of Centuri in a research note on Monday, May 13th. They set an overweight rating and a $29.00 target price for the company. Bank of America reissued an underperform rating and issued a $21.00 target price (down previously from $26.00) on shares of Centuri in a report on Thursday. JPMorgan Chase & Co. assumed coverage on Centuri in a research note on Monday, May 13th. They set a neutral rating and a $28.00 price target for the company. Baird R W raised shares of Centuri to a strong-buy rating in a research report on Monday, May 13th. Finally, Robert W. Baird assumed coverage on shares of Centuri in a report on Monday, May 13th. They issued an outperform rating and a $30.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Centuri currently has a consensus rating of Moderate Buy and a consensus target price of $27.60.

Get Our Latest Stock Analysis on CTRI

Centuri Stock Down 15.7 %

Shares of NYSE:CTRI opened at $21.33 on Thursday. The company has a debt-to-equity ratio of 5.91, a quick ratio of 1.39 and a current ratio of 1.39. Centuri has a 1 year low of $19.98 and a 1 year high of $28.65. The firm’s fifty day simple moving average is $25.65.

Centuri (NYSE:CTRIGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported ($137.53) earnings per share (EPS) for the quarter. The business had revenue of $528.02 million for the quarter. On average, analysts forecast that Centuri will post 0.59 EPS for the current year.

Insider Buying and Selling

In other news, CEO William Fehrman purchased 25,000 shares of the stock in a transaction on Monday, April 22nd. The shares were acquired at an average price of $21.00 per share, with a total value of $525,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at $525,000. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Centuri news, CEO William Fehrman purchased 25,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were acquired at an average cost of $21.00 per share, with a total value of $525,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares in the company, valued at $525,000. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Julie Dill acquired 5,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was acquired at an average price of $21.00 per share, for a total transaction of $105,000.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $105,000. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 35,250 shares of company stock valued at $740,250.

About Centuri

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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.

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Analyst Recommendations for Centuri (NYSE:CTRI)

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