JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Centuri (NYSE:CTRI) Stock

Centuri (NYSE:CTRI) had its price target increased by research analysts at JPMorgan Chase & Co. from $17.00 to $19.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 14.46% from the stock’s current price.

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

Centuri Price Performance

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CTRI. R Squared Ltd bought a new position in Centuri during the 4th quarter worth approximately $26,000. BNP Paribas Financial Markets grew its holdings in shares of Centuri by 39.3% in the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after purchasing an additional 1,927 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Centuri by 129.1% in the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock worth $133,000 after buying an additional 4,645 shares during the period. Centiva Capital LP bought a new stake in Centuri during the 3rd quarter valued at $162,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Centuri during the 3rd quarter valued at $211,000.

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.