Centuri (NYSE:CTRI - Get Free Report) had its price target increased by investment analysts at JPMorgan Chase & Co. from $17.00 to $19.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 15.14% from the stock's previous close.
Separately, Robert W. Baird lifted their price target on shares of Centuri from $19.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.80.
Get Our Latest Stock Analysis on Centuri
Centuri Trading Down 1.2 %
Shares of Centuri stock traded down $0.28 on Tuesday, reaching $22.39. The stock had a trading volume of 532,388 shares, compared to its average volume of 332,941. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. The company has a 50 day moving average price of $20.79 and a 200 day moving average price of $18.77. Centuri has a 1 year low of $14.47 and a 1 year high of $28.65.
Institutional Investors Weigh In On Centuri
Several institutional investors and hedge funds have recently made changes to their positions in CTRI. Rhumbline Advisers raised its position in Centuri by 5.7% during the 4th quarter. Rhumbline Advisers now owns 18,485 shares of the company's stock worth $357,000 after buying an additional 1,000 shares during the last quarter. R Squared Ltd purchased a new position in shares of Centuri during the 4th quarter valued at approximately $26,000. Barclays PLC raised its position in shares of Centuri by 410.4% in the third quarter. Barclays PLC now owns 23,657 shares of the company's stock worth $382,000 after acquiring an additional 19,022 shares during the period. XTX Topco Ltd acquired a new position in Centuri in the 3rd quarter worth about $448,000. Finally, Zimmer Partners LP grew its holdings in Centuri by 67.4% in the third quarter. Zimmer Partners LP now owns 1,515,550 shares of the company's stock valued at $24,476,000 after purchasing an additional 610,138 shares during the period.
Centuri Company Profile
(
Get Free Report)
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.
Read More
Before you consider Centuri, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Centuri wasn't on the list.
While Centuri currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
