JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Centuri (NYSE:CTRI) Stock

Centuri (NYSE:CTRI - Get Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $18.00 to $19.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential downside of 7.32% from the company's previous close.

Separately, Wells Fargo & Company lifted their target price on shares of Centuri from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $19.60.

Centuri Stock Down 0.2%

Centuri stock traded down $0.04 during mid-day trading on Tuesday, hitting $20.50. The company had a trading volume of 89,724 shares, compared to its average volume of 477,657. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 1,032.27, a PEG ratio of 1.14 and a beta of 1.14. Centuri has a 1 year low of $14.46 and a 1 year high of $24.60. The business has a fifty day moving average of $21.07 and a 200 day moving average of $19.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.56.

Centuri (NYSE:CTRI - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.02. The firm had revenue of $550.08 million during the quarter, compared to analysts' expectations of $534.41 million. Centuri had a return on equity of 5.16% and a net margin of 0.02%. The company's quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts expect that Centuri will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CTRI. FMR LLC lifted its holdings in Centuri by 96.3% in the 4th quarter. FMR LLC now owns 8,226,974 shares of the company's stock worth $158,863,000 after buying an additional 4,036,639 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Centuri by 13,573.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,316,039 shares of the company's stock worth $21,570,000 after buying an additional 1,306,414 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in Centuri in the 4th quarter worth approximately $2,609,000. Goldman Sachs Group Inc. lifted its holdings in Centuri by 164.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company's stock worth $2,517,000 after buying an additional 95,585 shares during the period. Finally, Nuveen LLC purchased a new stake in Centuri in the 1st quarter worth approximately $1,518,000.

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.

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