JPMorgan Chase & Co. Cuts Centuri (NYSE:CTRI) Price Target to $19.00

Centuri (NYSE:CTRI) had its price target cut by JPMorgan Chase & Co. from $28.00 to $19.00 in a report issued on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued research reports about the company. Williams Capital upgraded Centuri to a strong-buy rating in a report on Tuesday, May 14th. Bank of America reaffirmed an underperform rating and set a $21.00 target price (down from $26.00) on shares of Centuri in a research report on Thursday, June 27th. KeyCorp began coverage on Centuri in a research report on Thursday, June 27th. They set a sector weight rating on the stock. UBS Group lowered Centuri from a buy rating to a neutral rating and cut their target price for the stock from $30.00 to $17.00 in a research report on Tuesday. Finally, Baird R W raised Centuri to a strong-buy rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $20.60.

Centuri Trading Down 0.4 %

Shares of CTRI stock opened at $16.28 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.91. Centuri has a 1 year low of $14.73 and a 1 year high of $28.65. The stock’s fifty day simple moving average is $22.64.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share 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 analyst estimates of $760.55 million. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, research analysts predict that Centuri will post 0.51 earnings per share for the current year.

Insider Activity at Centuri

In other Centuri news, Director William Fehrman purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average cost 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 of the company’s stock, valued at $742,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Centuri stock. Rhumbline Advisers purchased a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,382 shares of the company’s stock, valued at approximately $300,000.

Centuri Company Profile

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.