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

Centuri (NYSE:CTRI) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $20.00 to $22.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 3.29% from the company’s previous close.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Centuri in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.00.

Centuri Stock Performance

NYSE:CTRI traded down $0.62 during trading hours on Thursday, reaching $21.30. 2,158,800 shares of the stock were exchanged, compared to its average volume of 1,092,429. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.59. The firm has a 50 day simple moving average of $21.02 and a 200-day simple moving average of $20.75. Centuri has a 52 week low of $14.45 and a 52 week high of $24.60. The stock has a market capitalization of $1.89 billion, a P/E ratio of -709.76, a P/E/G ratio of 1.02 and a beta of 1.08.

Centuri (NYSE:CTRI) last released its earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.13). Centuri had a positive return on equity of 4.74% and a negative net margin of 0.12%.The firm had revenue of $825.23 million for the quarter, compared to the consensus estimate of $762.06 million. During the same period in the prior year, the business earned $0.06 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. Centuri has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Centuri will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centuri

Several hedge funds and other institutional investors have recently bought and sold shares of CTRI. Amalgamated Bank raised its stake in Centuri by 288.1% during the 3rd quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock valued at $48,000 after purchasing an additional 1,691 shares during the period. CWM LLC raised its stake in Centuri by 238.1% during the 2nd quarter. CWM LLC now owns 2,688 shares of the company’s stock valued at $60,000 after purchasing an additional 1,893 shares during the period. State of Alaska Department of Revenue acquired a new stake in Centuri during the 3rd quarter valued at $119,000. Tower Research Capital LLC TRC raised its stake in Centuri by 121.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after purchasing an additional 3,037 shares during the period. Finally, State of Wyoming acquired a new stake in Centuri during the 3rd quarter valued at $128,000.

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.