Centuri (NYSE:CTRI) Given New $17.00 Price Target at JPMorgan Chase & Co.

Centuri (NYSE:CTRI) had its target price upped by research analysts at JPMorgan Chase & Co. from $16.00 to $17.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 19.55% from the stock’s current price.

A number of other equities research analysts also recently weighed in on CTRI. Robert W. Baird lifted their target price on Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company cut their price objective on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. UBS Group cut shares of Centuri from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $17.00 in a report on Tuesday, July 30th. Finally, Bank of America cut their price target on Centuri from $21.00 to $15.00 and set an “underperform” rating for the company in a research note on Tuesday, July 30th. Two research 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.40.

Centuri Price Performance

Shares of NYSE CTRI traded up $2.11 during mid-day trading on Thursday, reaching $21.13. 941,105 shares of the company were exchanged, compared to its average volume of 513,540. Centuri has a twelve month low of $14.47 and a twelve month high of $28.65. The company’s 50-day simple moving average is $17.22 and its 200-day simple moving average is $20.31. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.05 and a current ratio of 2.05.

Centuri (NYSE:CTRI) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.24). The firm had revenue of $692.82 million during the quarter, compared to the consensus estimate of $719.87 million. On average, research analysts predict that Centuri will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On Centuri

A number of large investors have recently modified their holdings of CTRI. Rhumbline Advisers acquired a new stake in Centuri in the second quarter valued at about $300,000. Oppenheimer Asset Management Inc. bought a new position in shares of Centuri in the third quarter worth about $334,000. Sandia Investment Management LP bought a new stake in shares of Centuri during the 2nd quarter valued at approximately $466,000. Point72 DIFC Ltd acquired a new position in Centuri during the 2nd quarter worth approximately $657,000. Finally, Gabelli Funds LLC bought a new position in Centuri in the 2nd quarter valued at approximately $880,000.

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.