Centuri (NYSE:CTRI) Shares Gap Down - What's Next?

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $19.60, but opened at $18.22. Centuri shares last traded at $18.55, with a volume of 988,854 shares.

Analyst Ratings Changes

Several analysts recently issued reports on CTRI shares. JPMorgan Chase & Co. increased their target price on Centuri from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Robert W. Baird decreased their price objective on Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Finally, Wells Fargo & Company raised their target price on shares of Centuri from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Centuri has an average rating of "Hold" and a consensus price target of $19.00.

Centuri Stock Performance

The company has a market capitalization of $1.65 billion and a PE ratio of 933.00. The firm has a 50-day moving average of $17.88 and a two-hundred day moving average of $19.31. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70.

Centuri (NYSE:CTRI - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.02. Centuri had a negative net margin of 8.90% and a negative return on equity of 55.33%. The business had revenue of $550.08 million for the quarter, compared to analyst estimates of $534.41 million. The firm's revenue was up 4.2% on a year-over-year basis. Research analysts anticipate that Centuri Holdings, Inc. will post 0.25 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CTRI. R Squared Ltd acquired a new stake in shares of Centuri during the 4th quarter worth approximately $26,000. KLP Kapitalforvaltning AS acquired a new stake in Centuri during the fourth quarter worth $62,000. Corebridge Financial Inc. increased its stake in Centuri by 15.7% during the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock worth $163,000 after acquiring an additional 1,146 shares during the last quarter. Deutsche Bank AG raised its position in Centuri by 31.4% in the fourth quarter. Deutsche Bank AG now owns 8,659 shares of the company's stock valued at $167,000 after purchasing an additional 2,068 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Centuri by 27.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company's stock valued at $186,000 after purchasing an additional 2,054 shares during the last quarter.

Centuri Company Profile

Centuri Holdings, Inc operates as a utility infrastructure services company in North America. It offers gas utility services, including maintenance, repair, installation, and replacement services for natural gas local distribution utility companies with focus on the modernization of infrastructure. The company also provides electric utility services comprising design, maintenance and repair, upgrade, and expansion services for transmission and distribution infrastructure.