Centuri (NYSE:CTRI) Given New $22.00 Price Target at JPMorgan Chase & Co.

Centuri (NYSE:CTRI) had its price objective decreased by JPMorgan Chase & Co. from $23.00 to $22.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.27% from the company’s current price.

A number of other equities analysts also recently issued reports on CTRI. Weiss Ratings downgraded shares of Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Wells Fargo & Company dropped their price target on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen downgraded shares of Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Cantor Fitzgerald increased their price objective on shares of Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, Bank of America dropped their target price on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a research report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.33.

Centuri Stock Up 3.9%

Shares of NYSE CTRI traded up $0.78 during midday trading on Monday, hitting $20.51. 1,910,989 shares of the stock traded hands, compared to its average volume of 1,601,890. 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 has a one year low of $18.79 and a one year high of $42.99. The business has a 50 day moving average price of $20.88 and a two-hundred day moving average price of $26.94. The company has a market cap of $2.07 billion, a PE ratio of 66.16, a P/E/G ratio of 0.64 and a beta of 1.01.

Centuri (NYSE:CTRI) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. On average, equities analysts predict that Centuri will post 0.62 EPS for the current year.

Insider Transactions at Centuri

In other news, Director Dustin DeMaria bought 5,200 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was acquired at an average cost of $19.27 per share, with a total value of $100,204.00. Following the completion of the transaction, the director directly owned 12,936 shares of the company’s stock, valued at $249,276.72. This represents a 67.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Centuri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in shares of Centuri by 0.7% during the 3rd quarter. Versant Capital Management Inc now owns 72,123 shares of the company’s stock valued at $1,445,000 after purchasing an additional 510 shares during the period. State of Wyoming boosted its stake in Centuri by 5.0% in the 1st quarter. State of Wyoming now owns 15,880 shares of the company’s stock worth $464,000 after purchasing an additional 752 shares during the period. Integrated Wealth Concepts LLC bought a new position in Centuri in the 2nd quarter worth about $33,000. Corient Private Wealth LP boosted its stake in Centuri by 2.7% in the 2nd quarter. Corient Private Wealth LP now owns 56,606 shares of the company’s stock worth $1,712,000 after purchasing an additional 1,471 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in Centuri by 17.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 13,263 shares of the company’s stock valued at $387,000 after buying an additional 1,937 shares in the last quarter.

About Centuri

Centuri Holdings, Inc (NYSE: CTRI) is an infrastructure services company that supports the development, maintenance and modernization of essential utility systems in the United States and Canada. Its customers primarily include natural gas and electric utilities, municipalities and other infrastructure owners.

The company provides construction and maintenance services for gas distribution networks, electric transmission and distribution systems, and other underground utility infrastructure.