Centuri (NYSE:CTRI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Centuri (NYSE:CTRI) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $26.00 to $29.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 16.02% from the stock’s previous close.

A number of other analysts have also weighed in on CTRI. Robert W. Baird set a $41.00 target price on shares of Centuri in a research report on Friday. Cantor Fitzgerald upped their price target on shares of Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. Finally, Wells Fargo & Company raised their price objective on Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.68.

Centuri Stock Up 2.8%

Shares of NYSE CTRI opened at $34.53 on Friday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 101.57, a PEG ratio of 1.43 and a beta of 1.34. The company has a current ratio of 1.88, a quick ratio of 1.78 and a debt-to-equity ratio of 0.82. Centuri has a 12 month low of $17.97 and a 12 month high of $42.99. The stock has a 50-day moving average price of $31.88 and a two-hundred day moving average price of $27.61.

Centuri (NYSE:CTRI) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating 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 net margin of 0.98% and a return on equity of 5.64%. The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the company posted ($0.12) EPS. As a group, analysts forecast that Centuri will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centuri

A number of institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its position in Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after acquiring an additional 1,874 shares during the period. Amalgamated Bank lifted its holdings in shares of Centuri by 288.1% during the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after purchasing an additional 1,691 shares during the period. KBC Group NV bought a new stake in shares of Centuri in the first quarter worth $67,000. CWM LLC grew its stake in shares of Centuri by 59.7% in the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after purchasing an additional 1,512 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Centuri in the third quarter valued at $119,000.

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.