Centuri (NYSE:CTRI) Price Target Raised to $24.00 at UBS Group

Centuri (NYSE:CTRI) had its price objective increased by research analysts at UBS Group from $22.00 to $24.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 11.34% from the company’s current price.

A number of other brokerages have also weighed in on CTRI. JPMorgan Chase & Co. boosted their price target on Centuri from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Centuri in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $23.25.

Centuri Trading Down 2.6%

CTRI stock traded down $0.57 during mid-day trading on Thursday, reaching $21.56. 3,265,321 shares of the stock traded hands, compared to its average volume of 1,105,245. Centuri has a one year low of $14.45 and a one year high of $24.60. The stock has a market capitalization of $1.91 billion, a PE ratio of 718.37, a PEG ratio of 1.22 and a beta of 1.08. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.67 and a current ratio of 1.67. The business has a 50-day moving average price of $21.08 and a two-hundred day moving average price of $20.89.

Centuri (NYSE:CTRI) last released its quarterly 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 return on equity of 6.37% and a net margin of 0.09%.The firm had revenue of $848.55 million for the quarter, compared to analysts’ expectations of $762.06 million. During the same period in the prior year, the firm posted $0.06 earnings per share. Centuri’s revenue for the quarter was up 18.1% on a year-over-year basis. Centuri has set its FY 2025 guidance at EPS. Equities research analysts expect that Centuri will post 0.25 EPS for the current year.

Institutional Trading of Centuri

A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in Centuri by 11.5% in the first quarter. Bank of New York Mellon Corp now owns 35,720 shares of the company’s stock valued at $585,000 after purchasing an additional 3,672 shares during the period. XTX Topco Ltd lifted its holdings in Centuri by 163.8% during the 1st quarter. XTX Topco Ltd now owns 26,901 shares of the company’s stock worth $441,000 after buying an additional 16,705 shares during the last quarter. Deutsche Bank AG boosted its stake in Centuri by 5.6% in the first quarter. Deutsche Bank AG now owns 9,143 shares of the company’s stock valued at $150,000 after acquiring an additional 484 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Centuri during the first quarter worth $214,000. Finally, Nuveen LLC acquired a new stake in Centuri in the first quarter valued at about $1,518,000.

About Centuri

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.