Centuri (NYSE:CTRI) Price Target Raised to $36.00 at Cantor Fitzgerald

Centuri (NYSE:CTRI) had its price target increased by analysts at Cantor Fitzgerald from $35.00 to $36.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 59.55% from the stock’s current price.

A number of other research analysts also recently issued reports on CTRI. Weiss Ratings upgraded shares of Centuri from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. Robert W. Baird set a $33.00 price objective on shares of Centuri in a research report on Wednesday, August 5th. Wells Fargo & Company reduced their target price on Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Finally, UBS Group boosted their target price on Centuri from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.60.

Centuri Stock Performance

Shares of Centuri stock opened at $22.56 on Wednesday. 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 business has a 50-day moving average price of $27.21 and a two-hundred day moving average price of $29.82. Centuri has a 1-year low of $19.04 and a 1-year high of $42.99. The company has a market cap of $2.28 billion, a P/E ratio of 72.79, a PEG ratio of 0.77 and a beta of 1.10.

Centuri (NYSE:CTRI) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. Centuri had a return on equity of 5.85% and a net margin of 0.86%.The business’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. As a group, analysts anticipate that Centuri will post 0.62 EPS for the current year.

Institutional Investors Weigh In On Centuri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRI. Ancora Advisors LLC purchased a new stake in Centuri during the 2nd quarter worth about $2,309,000. Bank of New York Mellon Corp purchased a new position in Centuri during the 2nd quarter valued at about $7,827,000. Assenagon Asset Management S.A. purchased a new position in Centuri during the 2nd quarter valued at about $23,153,000. Militia Capital Management LLC bought a new stake in shares of Centuri during the first quarter valued at about $615,000. Finally, Janus Henderson Group PLC increased its position in shares of Centuri by 24.6% during the first quarter. Janus Henderson Group PLC now owns 43,100 shares of the company’s stock valued at $1,259,000 after buying an additional 8,500 shares during the period.

About Centuri

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.