JPMorgan Chase & Co. Increases Centuri (NYSE:CTRI) Price Target to $19.00

Centuri (NYSE:CTRI) had its target price upped by JPMorgan Chase & Co. from $17.00 to $19.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 17.39% from the company’s previous close.

Separately, Robert W. Baird upped their price target on Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.80.

Centuri Price Performance

Shares of Centuri stock traded down $0.22 during midday trading on Tuesday, reaching $23.00. 106,383 shares of the company’s stock traded hands, compared to its average volume of 288,933. Centuri has a 52 week low of $14.47 and a 52 week high of $28.65. The company’s 50 day simple moving average is $20.74 and its 200 day simple moving average is $18.71. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70.

Institutional Trading of Centuri

Hedge funds have recently bought and sold shares of the stock. Zimmer Partners LP grew its position in Centuri by 67.4% during the third quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock worth $24,476,000 after buying an additional 610,138 shares in the last quarter. Needham Investment Management LLC lifted its position in Centuri by 44.8% in the third quarter. Needham Investment Management LLC now owns 430,828 shares of the company’s stock worth $6,958,000 after purchasing an additional 133,200 shares during the period. Clearbridge Investments LLC bought a new stake in Centuri in the 2nd quarter valued at $5,587,000. State Street Corp raised its stake in shares of Centuri by 37.3% in the 3rd quarter. State Street Corp now owns 229,638 shares of the company’s stock valued at $3,709,000 after buying an additional 62,390 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Centuri during the 2nd quarter valued at about $4,339,000.

Centuri Company Profile

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.