Centuri (NYSE:CTRI) Price Target Raised to $37.40

Centuri (NYSE:CTRI) had its price target increased by Cantor Fitzgerald from $35.25 to $37.40 in a research note released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company increased their price target on shares of Centuri from $30.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.35.

Centuri Trading Down 0.9%

Shares of NYSE:CTRI opened at $29.41 on Wednesday. Centuri has a 52 week low of $14.45 and a 52 week high of $32.38. The company’s 50 day moving average is $29.71 and its two-hundred day moving average is $25.23. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.96 billion, a PE ratio of 127.85, a P/E/G ratio of 1.19 and a beta of 0.63.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $858.60 million for the quarter, compared to analysts’ expectations of $740.62 million. Centuri had a return on equity of 5.09% and a net margin of 0.76%.Centuri’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. Equities analysts predict that Centuri will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centuri

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Centuri by 164.9% during the first quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock worth $2,517,000 after purchasing an additional 95,585 shares during the period. Geode Capital Management LLC lifted its stake in shares of Centuri by 59.1% in the 2nd quarter. Geode Capital Management LLC now owns 527,856 shares of the company’s stock worth $11,847,000 after acquiring an additional 195,992 shares during the period. Swiss National Bank lifted its stake in shares of Centuri by 163.0% in the 2nd quarter. Swiss National Bank now owns 67,600 shares of the company’s stock worth $1,517,000 after acquiring an additional 41,900 shares during the period. Magnetar Financial LLC acquired a new position in shares of Centuri during the second quarter worth about $216,000. Finally, JPMorgan Chase & Co. raised its holdings in Centuri by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after purchasing an additional 890 shares in the last quarter.

About Centuri

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.