While Centuri Holdings Inc. has overperformed by 0.59%, investors are advised to look at stock chart patterns for technical insight.
On October 07, 2024, JP Morgan Downgraded Centuri Holdings Inc. (NYSE: CTRI) to Underweight. A report published by UBS on July 30, 2024, Downgraded its rating to ‘Neutral’ for CTRI. BofA Securities also Downgraded CTRI shares as ‘Underperform’, setting a target price of $21 on the company’s shares in a report dated June 27, 2024. Wells Fargo Initiated an Overweight rating on May 13, 2024, and assigned a price target of $29. UBS initiated its ‘Buy’ rating for CTRI, as published in its report on May 13, 2024. Robert W. Baird’s report from May 13, 2024 suggests a price prediction of $30 for CTRI shares, giving the stock a ‘Outperform’ rating. KeyBanc Capital Markets also rated the stock as ‘Sector Weight’.
Analysis of Centuri Holdings Inc. (CTRI)
Centuri Holdings Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 2.05, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and CTRI has an average volume of 390.09K. On a monthly basis, the volatility of the stock is set at 4.25%, whereas on a weekly basis, it is put at 4.69%, with a gain of 7.96% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.67, showing growth from the present price of $18.71, which can serve as yet another indication of whether CTRI is worth investing in or should be passed over.
How Do You Analyze Centuri Holdings Inc. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 81.16%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 25.19% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CTRI shares are owned by institutional investors to the tune of 25.19% at present.
