Centuri (NYSE:CTRI) Price Target Cut to $24.00 by Analysts at Wells Fargo & Company

Centuri (NYSE:CTRI) had its target price reduced by Wells Fargo & Company from $28.00 to $24.00 in a research report sent to investors on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on CTRI. Cantor Fitzgerald raised their price objective on shares of Centuri from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Wall Street Zen cut shares of Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. 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 report on Tuesday, September 29th. JPMorgan Chase & Co. cut their price objective on shares of Centuri from $23.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, October 19th. Finally, Bank of America reduced 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 analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.50.

Centuri Stock Performance

CTRI stock traded up $1.64 during mid-day trading on Friday, reaching $20.29. 2,988,507 shares of the stock traded hands, compared to its average volume of 2,240,270. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.81. Centuri has a 52 week low of $18.50 and a 52 week high of $42.99. The business has a 50-day moving average of $20.31 and a two-hundred day moving average of $27.10. The firm has a market capitalization of $2.05 billion, a PE ratio of 36.23, a P/E/G ratio of 0.70 and a beta of 0.94.

Centuri (NYSE:CTRI) last announced its earnings results on Thursday, November 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.19. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.04 billion. Centuri had a return on equity of 5.85% and a net margin of 0.86%. The firm’s revenue for the quarter was up 40.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. As a group, equities analysts predict that Centuri will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling at Centuri

In other news, Director Dustin DeMaria purchased 5,200 shares of Centuri stock in a transaction dated Friday, September 18th. The shares were bought 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 in the company, valued at $249,276.72. This trade represents a 67.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Centuri

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of Centuri by 0.7% in 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. Fifth Third Bancorp lifted its holdings in Centuri by 99.4% during the 3rd quarter. Fifth Third Bancorp now owns 1,340 shares of the company’s stock valued at $27,000 after purchasing an additional 668 shares during the last quarter. State of Wyoming lifted its holdings in Centuri by 5.0% during the 1st quarter. State of Wyoming now owns 15,880 shares of the company’s stock valued at $464,000 after purchasing an additional 752 shares during the last quarter. Covestor Ltd boosted its position in Centuri by 52.5% during the third quarter. Covestor Ltd now owns 2,967 shares of the company’s stock worth $59,000 after purchasing an additional 1,021 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in Centuri during the second quarter worth $33,000.

Key Headlines Impacting Centuri

Here are the key news stories impacting Centuri this week:

• Positive Sentiment: Centuri reported third-quarter EPS of $0.42, above analysts’ estimates of $0.23, and revenue of $1.19 billion versus expectations of $1.04 billion. Revenue rose 40.2% year over year, and EPS more than doubled from $0.19 a year earlier. Article: Centuri Holdings Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company’s FY 2026 revenue guidance of $3.8 billion–$3.9 billion is above the $3.7 billion consensus estimate. Centuri also outlined 2027 revenue above $4.4 billion and a target gross margin of 8.5%–9%, signaling continued growth potential. Article: Centuri Outlines 2027 Revenue and Gross-Margin Targets
• Neutral Sentiment: Wells Fargo lowered its price target from $28 to $24 but maintained an “overweight” rating. The new target still implies 18.3% upside from the cited share price, though the reduction suggests a more cautious valuation view.

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.