UBS Group Issues Positive Forecast for Centuri (NYSE:CTRI) Stock Price

Centuri (NYSE:CTRI) had its price target hoisted by UBS Group from $22.00 to $24.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on CTRI. JPMorgan Chase & Co. raised their target price on Centuri from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Centuri in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Centuri presently has a consensus rating of “Hold” and an average target price of $23.25.

Centuri Trading Down 0.3%

Shares of Centuri stock traded down $0.07 during midday trading on Thursday, reaching $20.88. The company had a trading volume of 3,019,893 shares, compared to its average volume of 1,884,947. Centuri has a fifty-two week low of $14.45 and a fifty-two week high of $24.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a fifty day moving average price of $21.06 and a 200 day moving average price of $20.91. The firm has a market cap of $1.85 billion, a PE ratio of 696.07, a P/E/G ratio of 1.47 and a beta of 1.08.

Centuri (NYSE:CTRI) last issued its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.13). Centuri had a return on equity of 6.37% and a net margin of 0.09%.The company had revenue of $848.55 million for the quarter, compared to the consensus estimate of $762.06 million. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 18.1% compared to the same quarter last year. Centuri has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Centuri will post 0.25 earnings per share for the current year.

Insider Buying and Selling at Centuri

In other Centuri news, major shareholder Carl C. Icahn purchased 3,488,372 shares of the stock in a transaction dated Friday, November 14th. The shares were purchased at an average cost of $21.50 per share, with a total value of $74,999,998.00. Following the completion of the acquisition, the insider directly owned 14,336,044 shares in the company, valued at $308,224,946. This trade represents a 32.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.15% of the stock is owned by insiders.

Institutional Trading of Centuri

Several hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG lifted its holdings in Centuri by 5.6% during the first quarter. Deutsche Bank AG now owns 9,143 shares of the company’s stock valued at $150,000 after purchasing an additional 484 shares in the last quarter. JPMorgan Chase & Co. raised 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 acquiring an additional 890 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Centuri by 288.1% in the third quarter. Amalgamated Bank now owns 2,278 shares of the company’s stock worth $48,000 after acquiring an additional 1,691 shares during the last quarter. CWM LLC increased its position in shares of Centuri by 238.1% during the second quarter. CWM LLC now owns 2,688 shares of the company’s stock worth $60,000 after purchasing an additional 1,893 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Centuri by 10.1% during the second quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock worth $543,000 after purchasing an additional 2,228 shares in the last quarter.

Centuri Company Profile

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.