Centuri Holdings, Inc. (NYSE:CTRI) Receives Average Recommendation of “Moderate Buy” from Analysts

Centuri Holdings, Inc. (NYSE:CTRI) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings 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 assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $19.00.

A number of equities research analysts have commented on the company. Robert W. Baird reduced their target price on Centuri from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th.

Centuri Price Performance

Centuri stock opened at $15.71 on Friday. Centuri has a one year low of $14.47 and a one year high of $28.65. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The business has a fifty day moving average of $19.90 and a two-hundred day moving average of $19.12. The company has a market cap of $1.39 billion and a P/E ratio of -0.06.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Centuri during the 4th quarter worth about $26,000. KLP Kapitalforvaltning AS purchased a new stake in Centuri in the 4th quarter valued at about $62,000. BNP Paribas Financial Markets grew its holdings in Centuri by 39.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock valued at $110,000 after buying an additional 1,927 shares during the period. MetLife Investment Management LLC grew its holdings in Centuri by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after buying an additional 4,645 shares during the period. Finally, Centiva Capital LP purchased a new stake in Centuri in the 3rd quarter valued at about $162,000.

Centuri Company Profile

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.