Centuri (NYSE:CTRI) Price Target Raised to $34.00 at Wells Fargo & Company

Centuri (NYSE:CTRIFree Report) had its price target hoisted by Wells Fargo & Company from $30.00 to $34.00 in a research report report published on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities research analysts have also commented on CTRI. JPMorgan Chase & Co. increased their price objective on shares of Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. Cantor Fitzgerald started coverage on Centuri in a research note on Friday, January 23rd. They set an “overweight” rating and a $34.00 price objective for the company. UBS Group upped their target price on shares of Centuri from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Centuri presently has a consensus rating of “Hold” and an average target price of $28.50.

View Our Latest Stock Analysis on Centuri

Centuri Price Performance

NYSE CTRI opened at $31.35 on Thursday. Centuri has a twelve month low of $14.45 and a twelve month high of $32.38. The stock has a market capitalization of $3.12 billion, a PE ratio of 136.30, a P/E/G ratio of 1.15 and a beta of 0.81. The stock has a 50-day simple moving average of $28.17 and a 200 day simple moving average of $23.88. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.67 and a current ratio of 1.67.

Centuri (NYSE:CTRIGet Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centuri had a net margin of 0.76% and a return on equity of 5.80%. The company had revenue of $858.60 million during the quarter, compared to the consensus estimate of $740.62 million. During the same quarter in the previous year, the business posted $0.21 EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Research analysts anticipate that Centuri will post 0.25 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Christian Brown sold 7,108 shares of Centuri stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $24.51, for a total value of $174,217.08. Following the completion of the sale, the chief executive officer directly owned 22,089 shares in the company, valued at approximately $541,401.39. The trade was a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Centuri

Hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its holdings in Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after buying an additional 1,874 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Centuri by 288.1% during the 3rd 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. CWM LLC boosted its stake in Centuri by 238.1% during the second quarter. CWM LLC now owns 2,688 shares of the company’s stock worth $60,000 after acquiring an additional 1,893 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Centuri during the 3rd quarter worth about $119,000. Finally, Tower Research Capital LLC TRC grew its stake in Centuri by 121.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after acquiring an additional 3,037 shares during the period.

Centuri News Summary

Here are the key news stories impacting Centuri this week:

Centuri Company Profile

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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.

Further Reading

Analyst Recommendations for Centuri (NYSE:CTRI)

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