Centuri (NYSE:CTRI) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Centuri (NYSE:CTRI) had its price target cut by JPMorgan Chase & Co. from $23.00 to $22.00 in a research report report published on Monday,Benzinga reports. They currently have an underweight rating on the stock.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Wells Fargo & Company dropped their price objective on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Robert W. Baird dropped their price objective on shares of Centuri from $33.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 29th. Cantor Fitzgerald lifted their target price on shares of Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Finally, Bank of America decreased their target price on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating for the company in a research note on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.33.

Centuri Stock Performance

NYSE CTRI opened at $19.81 on Monday. The stock has a 50-day simple moving average of $20.65 and a two-hundred day simple moving average of $26.74. The firm has a market capitalization of $2.00 billion, a P/E ratio of 40.06, a PEG ratio of 0.65 and a beta of 1.01. Centuri has a fifty-two week low of $18.79 and a fifty-two week high of $42.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82.

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

Insiders Place Their Bets

In other Centuri news, Director Dustin DeMaria purchased 5,200 shares of the stock in a transaction on Friday, September 18th. The shares were bought at an average price of $19.27 per share, for a total transaction of $100,204.00. Following the completion of the transaction, the director owned 12,936 shares of the company’s stock, valued at $249,276.72. This trade represents a 67.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.33% of the company’s stock.

Institutional Trading of Centuri

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Centuri in the second quarter valued at approximately $33,000. KBC Group NV purchased a new position in shares of Centuri during the 1st quarter valued at approximately $67,000. Chicago Partners Investment Group LLC purchased a new position in shares of Centuri during the 1st quarter valued at approximately $183,000. Odyssean LLC purchased a new position in shares of Centuri during the 2nd quarter valued at approximately $318,000. Finally, Group One Trading LLC grew its stake in Centuri by 4,144.4% in the 1st quarter. Group One Trading LLC now owns 11,842 shares of the company’s stock valued at $346,000 after acquiring an additional 11,563 shares during the period.

About Centuri

Centuri Holdings, Inc is a strategic infrastructure services company that supports the development, maintenance and modernization of energy and utility systems. The company provides construction and related services for natural gas and electric distribution infrastructure, including pipelines, utility networks and other assets used to deliver energy to homes, businesses and communities.

Centuri also serves customers in areas such as electric transmission, renewable energy and broader utility infrastructure.