Analysts Set Centuri Holdings, Inc. (NYSE:CTRI) Price Target at $37.80

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $37.80.

Several brokerages have recently weighed in on CTRI. UBS Group upped their target price on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research report on Friday, March 27th. Wells Fargo & Company upped their target price on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Robert W. Baird set a $41.00 target price on Centuri in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th.

Centuri Stock Performance

NYSE CTRI opened at $29.90 on Wednesday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 87.96, a price-to-earnings-growth ratio of 1.08 and a beta of 1.06. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.82. Centuri has a fifty-two week low of $19.04 and a fifty-two week high of $42.99. The business has a fifty day moving average of $32.26 and a 200-day moving average of $29.06.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The business had revenue of $688.69 million during the quarter, compared to the consensus estimate of $618.87 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. As a group, analysts predict that Centuri will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Centuri

Several institutional investors and hedge funds have recently bought and sold shares of CTRI. Goldman Sachs Group Inc. raised its stake in Centuri by 164.9% during the first quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock valued at $2,517,000 after buying an additional 95,585 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Centuri by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock valued at $329,000 after purchasing an additional 890 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Centuri by 126.8% during the second quarter. Legal & General Group Plc now owns 29,723 shares of the company’s stock valued at $667,000 after purchasing an additional 16,618 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Centuri by 10.1% during the second quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock valued at $543,000 after purchasing an additional 2,228 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Centuri by 51.4% during the second quarter. American Century Companies Inc. now owns 47,447 shares of the company’s stock valued at $1,065,000 after purchasing an additional 16,115 shares during the last quarter.

Centuri Company Profile

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.