Centuri (NYSE:CTRI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Centuri (NYSE:CTRI) had its price objective lifted by JPMorgan Chase & Co. from $17.00 to $19.00 in a research report report published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Separately, Robert W. Baird upped their target price on Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two investment 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. Based on data from MarketBeat, Centuri presently has an average rating of “Moderate Buy” and an average target price of $18.80.

Centuri Stock Up 2.8 %

Shares of Centuri stock opened at $22.64 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. The company has a 50-day simple moving average of $20.79 and a two-hundred day simple moving average of $18.77. Centuri has a one year low of $14.47 and a one year high of $28.65.

Hedge Funds Weigh In On Centuri

Several hedge funds have recently made changes to their positions in CTRI. Rhumbline Advisers grew its stake in Centuri by 5.7% during the 4th quarter. Rhumbline Advisers now owns 18,485 shares of the company’s stock valued at $357,000 after purchasing an additional 1,000 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Centuri during the fourth quarter worth about $26,000. Barclays PLC boosted its position in Centuri by 410.4% in the third quarter. Barclays PLC now owns 23,657 shares of the company’s stock valued at $382,000 after buying an additional 19,022 shares during the last quarter. XTX Topco Ltd acquired a new position in Centuri in the 3rd quarter worth approximately $448,000. Finally, Zimmer Partners LP raised its position in Centuri by 67.4% during the 3rd 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 during the last quarter.

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.