While Centuri Holdings Inc has underperformed by -7.03%, 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)
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Centuri Holdings Inc’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 1.64, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and CTRI is recording an average volume of 371.68K. On a monthly basis, the volatility of the stock is set at 5.49%, whereas on a weekly basis, it is put at 6.19%, with a loss of -11.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.50, showing growth from the present price of $17.46, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 83.97%. 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 21.73% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
