Cantor Fitzgerald Forecasts Strong Price Appreciation for Centuri (NYSE:CTRI) Stock

Centuri (NYSE:CTRI) had its price objective raised by stock analysts at Cantor Fitzgerald from $35.25 to $37.40 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 25.99% from the company’s current price.

A number of other research analysts have also issued reports on CTRI. Wells Fargo & Company upped their target price on shares of Centuri from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $29.35.

Centuri Price Performance

Shares of NYSE CTRI opened at $29.68 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market capitalization of $2.99 billion, a PE ratio of 129.06, a P/E/G ratio of 1.22 and a beta of 0.63. Centuri has a 1-year low of $14.45 and a 1-year high of $32.38. The business’s fifty day moving average price is $29.67 and its two-hundred day moving average price is $25.17.

Centuri (NYSE:CTRI) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Centuri had a net margin of 0.76% and a return on equity of 5.09%. The firm had revenue of $858.60 million for the quarter, compared to analyst estimates of $740.62 million. During the same period last year, the firm posted $0.21 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. On average, research analysts expect that Centuri will post 0.25 EPS for the current year.

Institutional Trading of Centuri

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Centuri by 126.0% during the third quarter. Vanguard Group Inc. now owns 8,059,743 shares of the company’s stock valued at $170,625,000 after buying an additional 4,493,955 shares in the last quarter. Icahn Carl C lifted its holdings in Centuri by 69.4% in the 3rd quarter. Icahn Carl C now owns 10,847,672 shares of the company’s stock valued at $229,645,000 after acquiring an additional 4,443,795 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Centuri in the 3rd quarter valued at about $78,222,000. Cooper Creek Partners Management LLC bought a new position in shares of Centuri during the 2nd quarter valued at about $49,416,000. Finally, Samlyn Capital LLC bought a new position in shares of Centuri during the 3rd quarter valued at about $36,838,000.

Centuri Company Profile

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.