Centuri (NYSE:CTRI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Centuri (NYSE:CTRI) had its price objective raised by stock analysts at Wells Fargo & Company from $18.00 to $22.00 in a research note issued to investors on Tuesday, Marketbeat reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 6.18% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their price target on Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Robert W. Baird lowered their price target on Centuri from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.00.

Centuri Price Performance

CTRI stock opened at $20.72 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri has a 52-week low of $14.46 and a 52-week high of $28.65. The stock’s 50 day moving average is $17.46 and its two-hundred day moving average is $19.31. The company has a market capitalization of $1.83 billion and a PE ratio of 1,036.00.

Centuri (NYSE:CTRI) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. Centuri had a negative return on equity of 55.33% and a negative net margin of 8.90%. The business had revenue of $550.08 million during the quarter, compared to the consensus estimate of $534.41 million. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts predict that Centuri will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRI. FMR LLC boosted its position in Centuri by 96.3% during the 4th quarter. FMR LLC now owns 8,226,974 shares of the company’s stock valued at $158,863,000 after purchasing an additional 4,036,639 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in Centuri during the 4th quarter valued at approximately $2,609,000. Nuveen LLC acquired a new position in Centuri during the 1st quarter valued at approximately $1,518,000. Millennium Management LLC acquired a new position in Centuri during the 4th quarter valued at approximately $888,000. Finally, Wesbanco Bank Inc. acquired a new position in Centuri during the 1st quarter valued at approximately $670,000.

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.