Centuri (NYSE:CTRI) Given New $29.00 Price Target at JPMorgan Chase & Co.

Centuri (NYSE:CTRI) had its price target increased by JPMorgan Chase & Co. from $26.00 to $29.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Cantor Fitzgerald boosted their price objective on Centuri from $35.25 to $37.40 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Wells Fargo & Company increased their target price on shares of Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird set a $41.00 price target on shares of Centuri in a research report on Friday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.68.

Centuri Stock Performance

Centuri stock opened at $34.53 on Friday. The firm has a 50 day simple moving average of $31.88 and a 200-day simple moving average of $27.61. Centuri has a 1-year low of $17.97 and a 1-year high of $42.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.78. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 101.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.34.

Centuri (NYSE:CTRI) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The business had revenue of $688.69 million during the quarter, compared to analysts’ expectations of $618.87 million. During the same quarter in the prior year, the company posted ($0.12) EPS. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, analysts expect that Centuri will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Centuri by 13,385.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after acquiring an additional 1,874 shares in the last quarter. Amalgamated Bank boosted its holdings in Centuri by 288.1% during the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after buying an additional 1,691 shares in the last quarter. KBC Group NV purchased a new stake in Centuri during the first quarter worth about $67,000. CWM LLC boosted its holdings in Centuri by 59.7% during the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after buying an additional 1,512 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Centuri by 121.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock worth $124,000 after buying an additional 3,037 shares in the last quarter.

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.