Centuri (NYSE:CTRI) Given New $35.00 Price Target at Cantor Fitzgerald

Centuri (NYSE:CTRI) had its target price dropped by research analysts at Cantor Fitzgerald from $46.00 to $35.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 60.29% from the company’s current price.

CTRI has been the topic of several other research reports. Wells Fargo & Company upped their price target on Centuri from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Robert W. Baird set a $41.00 price objective on Centuri in a research report on Friday, May 8th. UBS Group upped their target price on shares of Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Centuri from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Centuri currently has an average rating of “Hold” and a consensus price target of $35.60.

Centuri Stock Performance

Shares of CTRI stock opened at $21.84 on Wednesday. The firm has a 50 day moving average of $28.63 and a two-hundred day moving average of $30.14. The stock has a market capitalization of $2.20 billion, a PE ratio of 64.22, a P/E/G ratio of 0.92 and a beta of 1.10. 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 52 week low of $19.04 and a 52 week high of $42.99.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The business had revenue of $959.53 million for the quarter, compared to analysts’ expectations of $835.99 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period last year, the firm earned $0.19 earnings per share. On average, research analysts predict that Centuri will post 0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CTRI. State of Wyoming raised its position in shares of Centuri by 5.0% during the 1st quarter. State of Wyoming now owns 15,880 shares of the company’s stock worth $464,000 after acquiring an additional 752 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Centuri by 6.5% in 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 in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in Centuri by 7.0% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company’s stock valued at $517,000 after purchasing an additional 1,337 shares in the last quarter. Arizona State Retirement System increased its stake in Centuri by 5.9% in the fourth quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock valued at $632,000 after purchasing an additional 1,400 shares during the last quarter. Finally, CWM LLC increased its stake in Centuri by 59.7% in the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after purchasing an additional 1,512 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.