Centuri (NYSE:CTRI) Sets New 52-Week Low - Time to Sell?

Key Points

• Centuri shares hit a new 52-week low, falling to $19.03 during Tuesday trading, well below their 50-day and 200-day moving averages.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $30.67. Recent targets range from $21 to $36, including a Bank of America “underperform” rating.
• Centuri exceeded quarterly expectations, reporting $0.24 in earnings per share versus $0.21 expected and revenue of $959.53 million, up 32.9% year over year. Despite the growth, profitability remained modest, with a 0.86% net margin.

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.03 and last traded at $19.0450, with a volume of 1319487 shares. The stock had previously closed at $19.57.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Cantor Fitzgerald boosted their target price on shares of Centuri from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Bank of America cut their price objective on shares of Centuri from $33.50 to $21.00 and set an "underperform" rating for the company in a research report on Friday, September 4th. Robert W. Baird set a $33.00 price objective on Centuri in a research note on Wednesday, August 5th. Weiss Ratings raised Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen lowered Centuri from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $30.67.

Centuri Stock Performance

The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.81. The company has a market cap of $1.92 billion, a P/E ratio of 61.44, a PEG ratio of 0.66 and a beta of 1.01. The business's 50 day simple moving average is $23.74 and its 200 day simple moving average is $28.58.

Centuri (NYSE:CTRI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. The business had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The company's revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Sell-side analysts predict that Centuri Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centuri

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in Centuri during the 2nd quarter valued at approximately $33,000. KBC Group NV purchased a new stake in Centuri during the 1st quarter valued at approximately $67,000. Chicago Partners Investment Group LLC bought a new stake in shares of Centuri during the first quarter valued at approximately $183,000. Jefferies Financial Group Inc. purchased a new position in shares of Centuri in the fourth quarter worth $229,000. Finally, Odyssean LLC bought a new position in shares of Centuri during the second quarter worth $318,000.

Centuri Company Profile

Centuri Group, Inc is a North American utility infrastructure services company that supports the construction, maintenance and modernization of energy networks. The company primarily serves natural gas and electric utilities, providing services across the infrastructure life cycle, from initial engineering and installation to repair, replacement and ongoing maintenance.

Its capabilities include gas distribution construction, electric transmission and distribution work, pipeline integrity services, underground utility installation, emergency response and related engineering and field services.

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