Centuri Holdings, Inc. (NYSE:CTRI) Receives $19.00 Consensus Target Price from Brokerages

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. 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 issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $19.00.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Robert W. Baird dropped their price objective on shares of Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th.

Institutional Investors Weigh In On Centuri

A number of institutional investors and hedge funds have recently made changes to their positions in CTRI. FMR LLC raised its holdings in shares of Centuri by 96.3% in the 4th quarter. FMR LLC now owns 8,226,974 shares of the company’s stock worth $158,863,000 after acquiring an additional 4,036,639 shares during the last quarter. Zimmer Partners LP grew its position in Centuri by 67.4% in the 3rd quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock worth $24,476,000 after purchasing an additional 610,138 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Centuri in the 4th quarter worth about $2,609,000. Needham Investment Management LLC grew its position in Centuri by 44.8% in the 3rd quarter. Needham Investment Management LLC now owns 430,828 shares of the company’s stock worth $6,958,000 after purchasing an additional 133,200 shares in the last quarter. Finally, State Street Corp grew its position in Centuri by 37.3% in the 3rd quarter. State Street Corp now owns 229,638 shares of the company’s stock worth $3,709,000 after purchasing an additional 62,390 shares in the last quarter.

Centuri Price Performance

Shares of NYSE CTRI opened at $15.69 on Friday. The firm’s 50-day moving average price is $19.99 and its 200-day moving average price is $19.12. Centuri has a 1-year low of $14.47 and a 1-year high of $28.65. The firm has a market capitalization of $1.39 billion and a P/E ratio of -0.06. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70.

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.