Centuri (NYSE:CTRI) Price Target Raised to $22.00

Centuri (NYSE:CTRI) had its target price raised by JPMorgan Chase & Co. from $20.00 to $22.00 in a report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Centuri in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.00.

Centuri Trading Down 1.6%

Shares of CTRI stock opened at $21.02 on Thursday. The company has a market cap of $1.86 billion, a PE ratio of 700.73, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08. Centuri has a 1 year low of $14.45 and a 1 year high of $24.60. The stock’s 50 day simple moving average is $21.02 and its two-hundred day simple moving average is $20.81. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.67 and a quick ratio of 1.72.

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

Hedge Funds Weigh In On Centuri

Several hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP increased its stake in Centuri by 66.3% in the third quarter. GSA Capital Partners LLP now owns 31,270 shares of the company’s stock worth $662,000 after purchasing an additional 12,469 shares during the period. Vanguard Group Inc. grew its holdings in shares of Centuri by 126.0% in the third quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock worth $170,625,000 after purchasing an additional 4,493,955 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Centuri by 942.9% in the third quarter. JPMorgan Chase & Co. now owns 153,022 shares of the company’s stock worth $3,239,000 after purchasing an additional 138,349 shares during the last quarter. Rhumbline Advisers increased its stake in Centuri by 274.1% in the 3rd quarter. Rhumbline Advisers now owns 90,487 shares of the company’s stock worth $1,916,000 after buying an additional 66,299 shares during the period. Finally, Versor Investments LP bought a new stake in Centuri during the 3rd quarter valued at about $447,000.

Centuri Company Profile

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.