Centuri Holdings Inc (CTRI) stock price forecast predicts $21 value

At the time of writing, Centuri Holdings Inc [CTRI] stock is trading at $18.95, down -0.26%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CTRI shares have gain 3.10% over the last week, with a monthly amount glided 18.96%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Centuri Holdings Inc [NYSE: CTRI] stock has seen the most recent analyst activity on October 07, 2024, when JP Morgan downgraded its rating to a Underweight and also revised its price target to $16 from $19. Previously, UBS downgraded its rating to Neutral on July 30, 2024, and dropped its price target to $17. On June 27, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $21 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $29 on May 13, 2024. UBS initiated its recommendation with a Buy and recommended $30 as its price target on May 13, 2024. Robert W. Baird started tracking with a Outperform rating for this stock on May 13, 2024, and assigned it a price target of $30. In a note dated May 13, 2024, KeyBanc Capital Markets initiated an Sector Weight rating.

For the past year, the stock price of Centuri Holdings Inc fluctuated between $14.47 and $28.65. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Centuri Holdings Inc [NYSE: CTRI] shares were valued at $18.95 at the most recent close of the market. An investor can expect a potential return of 10.82% based on the average CTRI price forecast.

Analyzing the CTRI fundamentals

Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.04 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.02.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.50 points at the first support level, and at 18.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.46, and for the 2nd resistance point, it is at 19.96.

Ratios To Look Out For

It is important to note that Centuri Holdings Inc [NYSE:CTRI] has a current ratio of 2.05. As well, the Quick Ratio is 2.05, while the Cash Ratio is 0.09.

Transactions by insiders

Recent insider trading involved Fehrman William, Director, that happened on Jul 31 ’24 when 20000.0 shares were purchased. Chief Financial Officer, Izenstark Gregory A. completed a deal on Apr 22 ’24 to buy 5250.0 shares. Meanwhile, Director Dill Julie bought 5000.0 shares on Apr 22 ’24.

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