Centuri (NYSE:CTRI) Price Target Raised to $25.00

Centuri (NYSE:CTRI) had its target price increased by Wells Fargo & Company from $22.00 to $25.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Centuri Price Performance

Shares of CTRI opened at $22.07 on Tuesday. Centuri has a fifty-two week low of $14.46 and a fifty-two week high of $24.60. The firm’s 50 day moving average price is $20.45 and its 200 day moving average price is $19.46. The company has a market cap of $1.96 billion, a P/E ratio of 1,104.25, a PEG ratio of 1.23 and a beta of 1.14. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.56.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. Centuri had a net margin of 0.02% and a return on equity of 5.16%. The company had revenue of $550.08 million for the quarter, compared to the consensus estimate of $534.41 million. Centuri’s quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts forecast that Centuri will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centuri

A number of large investors have recently modified their holdings of CTRI. FMR LLC increased its position in shares of Centuri by 96.3% in the 4th quarter. FMR LLC now owns 8,226,974 shares of the company’s stock valued at $158,863,000 after purchasing an additional 4,036,639 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Centuri by 13,573.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,316,039 shares of the company’s stock valued at $21,570,000 after purchasing an additional 1,306,414 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Centuri in the 4th quarter valued at approximately $2,609,000. Goldman Sachs Group Inc. increased its position in shares of Centuri by 164.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock valued at $2,517,000 after purchasing an additional 95,585 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Centuri in the 1st quarter valued at approximately $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.