Cantor Fitzgerald Issues Positive Forecast for Centuri (NYSE:CTRI) Stock Price

Centuri (NYSE:CTRI) had its target price raised by Cantor Fitzgerald from $35.25 to $37.40 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Company raised their price objective on Centuri from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Two 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’s stock. Based on data from MarketBeat.com, Centuri has an average rating of “Hold” and an average price target of $29.35.

Centuri Trading Up 0.8%

Shares of NYSE CTRI opened at $30.38 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.82. The stock’s 50 day moving average price is $29.61 and its two-hundred day moving average price is $25.14. Centuri has a 52-week low of $14.45 and a 52-week high of $32.38. The stock has a market capitalization of $3.06 billion, a P/E ratio of 132.10, a PEG ratio of 1.21 and a beta of 0.63.

Centuri (NYSE:CTRI) last issued its earnings results on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centuri had a return on equity of 5.09% and a net margin of 0.76%.The firm had revenue of $858.60 million during the quarter, compared to analyst estimates of $740.62 million. During the same quarter in the previous year, the business posted $0.21 EPS. Centuri’s revenue was up 19.7% compared to the same quarter last year. On average, analysts anticipate that Centuri will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centuri

Several institutional investors have recently modified their holdings of CTRI. JPMorgan Chase & Co. increased its holdings in shares of Centuri by 6.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock worth $329,000 after acquiring an additional 890 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in Centuri by 7.0% during the 4th 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 during the period. Arizona State Retirement System grew its position in Centuri by 5.9% in the 4th quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after purchasing an additional 1,400 shares during the last quarter. CWM LLC grew its position in Centuri by 59.7% in the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after purchasing an additional 1,512 shares during the last quarter. Finally, Sandia Investment Management LP increased its stake in shares of Centuri by 11.9% in the fourth quarter. Sandia Investment Management LP now owns 15,000 shares of the company’s stock valued at $379,000 after purchasing an additional 1,600 shares during the period.

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.