Centuri (NYSE:CTRI) Given New $37.00 Price Target at Wells Fargo & Company

Centuri (NYSE:CTRI) had its target price upped by stock analysts at Wells Fargo & Company from $32.00 to $37.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 7.80% from the stock’s current price.

A number of other analysts also recently commented on the stock. Cantor Fitzgerald boosted their price objective on shares of Centuri from $35.25 to $37.40 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.10.

Centuri Price Performance

Shares of CTRI traded up $0.72 during trading hours on Friday, reaching $34.32. The company had a trading volume of 285,624 shares, compared to its average volume of 1,382,969. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.82. Centuri has a 12-month low of $17.97 and a 12-month high of $42.99. The firm has a 50 day simple moving average of $31.88 and a 200-day simple moving average of $27.61. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 100.80, a PEG ratio of 1.74 and a beta of 1.34.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The firm had revenue of $688.69 million for the quarter, compared to the consensus estimate of $618.87 million. Centuri had a net margin of 0.98% and a return on equity of 6.03%. The firm’s revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. Research analysts expect that Centuri will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On Centuri

Large investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL acquired a new stake in Centuri in the 3rd quarter valued at about $4,992,000. JPMorgan Chase & Co. grew its stake in Centuri by 942.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 153,022 shares of the company’s stock valued at $3,239,000 after acquiring an additional 138,349 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in Centuri by 68.5% in the 3rd quarter. Hudson Bay Capital Management LP now owns 126,385 shares of the company’s stock valued at $2,676,000 after acquiring an additional 51,385 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Centuri by 3,300.4% during the 3rd quarter. New York State Common Retirement Fund now owns 187,023 shares of the company’s stock worth $3,959,000 after purchasing an additional 181,523 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Centuri by 492.0% during the 3rd quarter. Citigroup Inc. now owns 92,634 shares of the company’s stock worth $1,961,000 after purchasing an additional 76,987 shares during 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.