Centuri (NYSE:CTRI) Price Target Raised to $36.00

Centuri (NYSE:CTRI) had its price target increased by Cantor Fitzgerald from $35.00 to $36.00 in a research report released on Wednesday morning, MarketBeat reports. The firm currently has an overweight rating on the stock.

CTRI has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. upped their target price on shares of Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Robert W. Baird set a $33.00 target price on shares of Centuri in a research note on Wednesday, August 5th. UBS Group lifted their price target on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Weiss Ratings raised Centuri from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Centuri currently has a consensus rating of “Hold” and a consensus target price of $32.60.

Centuri Trading Down 1.9%

NYSE CTRI opened at $21.37 on Wednesday. Centuri has a 12 month low of $19.04 and a 12 month high of $42.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.81. The stock has a 50 day moving average of $26.76 and a 200-day moving average of $29.68. The company has a market cap of $2.16 billion, a PE ratio of 68.94, a PEG ratio of 0.71 and a beta of 1.10.

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

Hedge Funds Weigh In On Centuri

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in Centuri by 164.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock worth $2,517,000 after purchasing an additional 95,585 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Centuri by 6.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock valued at $329,000 after buying an additional 890 shares in the last quarter. Legal & General Group Plc grew its holdings in Centuri by 126.8% in the 2nd quarter. Legal & General Group Plc now owns 29,723 shares of the company’s stock valued at $667,000 after buying an additional 16,618 shares in the last quarter. Rhumbline Advisers increased its position in Centuri by 10.1% during the 2nd quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock worth $543,000 after buying an additional 2,228 shares during the period. Finally, American Century Companies Inc. increased its position in Centuri by 51.4% during the 2nd quarter. American Century Companies Inc. now owns 47,447 shares of the company’s stock worth $1,065,000 after buying an additional 16,115 shares during the period.

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.