Centuri Holdings, Inc. (NYSE:CTRI – Get Free Report)’s share price gapped down before the market opened on Tuesday after Bank of America lowered their price target on the stock from $21.00 to $15.00. The stock had previously closed at $15.72, but opened at $15.24. Bank of America currently has an underperform rating on the stock. Centuri shares last traded at $15.61, with a volume of 136,547 shares.
A number of other research firms have also recently weighed in on CTRI. Wells Fargo & Company lowered their price target on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group downgraded shares of Centuri from a “buy” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $17.00 in a research note on Tuesday. KeyCorp started coverage on Centuri in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Baird R W upgraded Centuri to a “strong-buy” rating in a report on Monday, May 13th. Finally, Robert W. Baird assumed coverage on Centuri in a research note on Monday, May 13th. They set an “outperform” rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Centuri currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.
Hedge Funds Weigh In On Centuri
A hedge fund recently bought a new stake in Centuri stock. Bank of New York Mellon Corp purchased a new stake in shares of Centuri Holdings, Inc. (NYSE:CTRI – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 141,545 shares of the company’s stock, valued at approximately $2,757,000. Bank of New York Mellon Corp owned about 0.16% of Centuri as of its most recent filing with the SEC.
Centuri Stock Performance
The company has a debt-to-equity ratio of 5.91, a current ratio of 1.39 and a quick ratio of 1.39. The business’s 50 day moving average price is $23.25.
Centuri (NYSE:CTRI – Get Free Report) last issued its earnings results on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $672.08 million during the quarter, compared to analysts’ expectations of $760.55 million. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. As a group, equities research analysts forecast that Centuri Holdings, Inc. will post 0.53 earnings per share for the current year.
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.