Centuri Holdings, Inc. (NYSE:CTRI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $20.00.

CTRI has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. UBS Group lowered shares of Centuri from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $17.00 in a research report on Tuesday, July 30th. KeyCorp assumed coverage on shares of Centuri in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. JPMorgan Chase & Co. cut shares of Centuri from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $19.00 to $16.00 in a report on Monday, October 7th. Finally, Bank of America lowered their price target on shares of Centuri from $21.00 to $15.00 and set an “underperform” rating on the stock in a report on Tuesday, July 30th.

Insider Activity at Centuri

In other news, Director William Fehrman purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were bought at an average price of $16.50 per share, for a total transaction of $330,000.00. Following the completion of the transaction, the director now owns 45,000 shares in the company, valued at $742,500. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Centuri

A number of hedge funds have recently bought and sold shares of CTRI. Bank of New York Mellon Corp acquired a new position in shares of Centuri during the 2nd quarter worth approximately $2,757,000. Davidson Kempner Capital Management LP acquired a new position in Centuri during the second quarter worth $1,500,000. Ghisallo Capital Management LLC purchased a new position in Centuri during the second quarter valued at $3,409,000. Point72 DIFC Ltd acquired a new stake in shares of Centuri in the second quarter valued at about $657,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Centuri during the third quarter worth about $1,153,000.

Centuri Price Performance

NYSE:CTRI opened at $18.60 on Thursday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 1.94. Centuri has a twelve month low of $14.47 and a twelve month high of $28.65. The stock’s 50 day moving average is $16.43.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $672.08 million for the quarter, compared to analysts’ expectations of $760.55 million. Centuri’s revenue was down 16.6% compared to the same quarter last year. As a group, research analysts forecast that Centuri will post 0.43 earnings per share for the current fiscal year.

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.