Centuri (NYSE:CTRI) Price Target Raised to $17.00

by · The Cerbat Gem

Centuri (NYSE:CTRI – Free Report) had its target price upped by JPMorgan Chase & Co. from $16.00 to $17.00 in a report released on Thursday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

CTRI has been the topic of several other reports. Wells Fargo & Company decreased their price objective on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Robert W. Baird increased their price target on Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America dropped their price target on Centuri from $21.00 to $15.00 and set an “underperform” rating for the company in a report on Tuesday, July 30th. Finally, UBS Group lowered Centuri from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $17.00 in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Centuri presently has an average rating of “Moderate Buy” and an average target price of $18.40.

Read Our Latest Research Report on Centuri

Centuri Trading Down 5.9 %

CTRI opened at $20.38 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.94. The firm’s 50-day simple moving average is $17.38 and its 200-day simple moving average is $20.26. Centuri has a twelve month low of $14.47 and a twelve month high of $28.65.

Institutional Investors Weigh In On Centuri

Several institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new stake in shares of Centuri during the 2nd quarter valued at $2,757,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Centuri during the second quarter worth $1,500,000. Ghisallo Capital Management LLC bought a new stake in Centuri in the second quarter valued at about $3,409,000. Point72 DIFC Ltd acquired a new position in Centuri in the second quarter valued at about $657,000. Finally, Versant Capital Management Inc bought a new position in Centuri during the third quarter worth about $1,153,000.

About Centuri

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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.

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