Robert W. Baird Cuts Centuri (NYSE:CTRI) Price Target to $22.00

Centuri (NYSE:CTRI) had its price target trimmed by Robert W. Baird from $23.00 to $22.00 in a report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, JPMorgan Chase & Co. increased their price target on Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Centuri presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Centuri Stock Up 3.5 %

NYSE:CTRI opened at $17.36 on Thursday. The stock has a market capitalization of $1.54 billion and a price-to-earnings ratio of -0.07. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri has a 52 week low of $14.47 and a 52 week high of $28.65. The stock’s fifty day moving average is $20.62 and its two-hundred day moving average is $19.12.

Hedge Funds Weigh In On Centuri

Several hedge funds and other institutional investors have recently made changes to their positions in CTRI. R Squared Ltd purchased a new stake in Centuri during the fourth quarter worth approximately $26,000. KLP Kapitalforvaltning AS purchased a new stake in Centuri during the fourth quarter worth approximately $62,000. BNP Paribas Financial Markets lifted its stake in Centuri by 39.3% during the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after purchasing an additional 1,927 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Centuri by 129.1% during the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock worth $133,000 after purchasing an additional 4,645 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in Centuri during the third quarter worth approximately $162,000.

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.