JPMorgan Chase & Co. Issues Positive Forecast for Centuri (NYSE:CTRI) Stock Price

Centuri (NYSE:CTRI) had its target price increased by JPMorgan Chase & Co. from $17.00 to $19.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 14.46% from the company’s previous close.

Separately, Robert W. Baird upped their price target on shares of 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 assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.80.

Centuri Price Performance

Shares of NYSE CTRI opened at $22.21 on Tuesday. Centuri has a 1 year low of $14.47 and a 1 year high of $28.65. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a 50-day moving average of $20.76 and a 200 day moving average of $18.74.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CTRI. Zimmer Partners LP lifted its holdings in Centuri by 67.4% during 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 in the last quarter. Needham Investment Management LLC lifted its stake in shares of Centuri by 44.8% during the 3rd quarter. Needham Investment Management LLC now owns 430,828 shares of the company’s stock valued at $6,958,000 after buying an additional 133,200 shares in the last quarter. Clearbridge Investments LLC bought a new position in Centuri in the 2nd quarter worth $5,587,000. State Street Corp raised its holdings in Centuri by 37.3% during the third quarter. State Street Corp now owns 229,638 shares of the company’s stock valued at $3,709,000 after acquiring an additional 62,390 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Centuri in the second quarter valued at about $4,339,000.

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.