JPMorgan Chase & Co. Raises Centuri (NYSE:CTRI) Price Target to $22.00

Centuri (NYSE:CTRI) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $20.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 4.69% from the company’s current price.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Centuri in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Centuri has a consensus rating of “Hold” and a consensus price target of $23.00.

Centuri Price Performance

Shares of NYSE:CTRI opened at $21.02 on Thursday. The firm has a 50 day moving average of $21.02 and a 200-day moving average of $20.78. Centuri has a 12 month low of $14.45 and a 12 month high of $24.60. The company has a current ratio of 1.67, a quick ratio of 1.72 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $1.86 billion, a PE ratio of 700.73, a PEG ratio of 1.10 and a beta of 1.08.

Centuri (NYSE:CTRI) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.13). Centuri had a return on equity of 6.37% and a net margin of 0.09%.The firm had revenue of $825.23 million for the quarter, compared to analyst estimates of $762.06 million. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue was up 18.1% on a year-over-year basis. Centuri has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Centuri will post 0.25 EPS for the current fiscal year.

Institutional Trading of Centuri

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Centuri by 126.0% during the third quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock worth $170,625,000 after buying an additional 4,493,955 shares in the last quarter. Cooper Creek Partners Management LLC bought a new stake in Centuri during the 2nd quarter worth $49,416,000. Balyasny Asset Management L.P. acquired a new position in Centuri in the 2nd quarter worth about $36,165,000. Adage Capital Partners GP L.L.C. acquired a new position in Centuri in the 2nd quarter worth about $30,725,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Centuri by 13,573.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,316,039 shares of the company’s stock valued at $21,570,000 after purchasing an additional 1,306,414 shares during the last quarter.

About Centuri

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.