Centuri (NYSE:CTRI) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Centuri from hold to buy, adding to a mixed but active set of analyst opinions on the stock.
• Recent analyst targets vary widely, with price objectives ranging from $29 to $41; MarketBeat says the stock currently has an average rating of Hold and an average target price of $33.68.
• Centuri posted a strong quarter, reporting EPS of -$0.02 versus estimates for -$0.07 and revenue of $688.69 million, up 31.5% year over year.

Centuri (NYSE:CTRI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Several other equities research analysts also recently commented on the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of Centuri in a report on Friday, March 27th. Cantor Fitzgerald raised their price objective on Centuri from $35.25 to $37.40 and gave the company an "overweight" rating in a research note on Wednesday, March 25th. JPMorgan Chase & Co. raised their price objective on Centuri from $26.00 to $29.00 and gave the company an "underweight" rating in a research note on Friday. Wells Fargo & Company raised their price objective on Centuri from $32.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Robert W. Baird set a $41.00 price objective on Centuri in a research note on Friday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $33.68.

Centuri Stock Performance

Centuri stock opened at $34.53 on Friday. The stock's 50-day moving average is $31.88 and its 200-day moving average is $27.61. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 101.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.34. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.78. Centuri has a 12 month low of $17.97 and a 12 month high of $42.99.

Centuri (NYSE:CTRI - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS 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 the consensus estimate of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The company's quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the business posted ($0.12) EPS. Equities analysts anticipate that Centuri will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Centuri by 6.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company's stock worth $329,000 after acquiring an additional 890 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in shares of Centuri by 7.0% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company's stock worth $517,000 after acquiring an additional 1,337 shares in the last quarter. Arizona State Retirement System grew its position in shares of Centuri by 5.9% in the 4th quarter. Arizona State Retirement System now owns 25,041 shares of the company's stock worth $632,000 after acquiring an additional 1,400 shares in the last quarter. CWM LLC grew its position in shares of Centuri by 59.7% in the 4th quarter. CWM LLC now owns 4,045 shares of the company's stock worth $102,000 after acquiring an additional 1,512 shares in the last quarter. Finally, Sandia Investment Management LP grew its position in shares of Centuri by 11.9% in the 4th quarter. Sandia Investment Management LP now owns 15,000 shares of the company's stock worth $379,000 after acquiring an additional 1,600 shares in the last quarter.

Centuri Company Profile

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.

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