Centuri (NYSE:CTRI) Given New $21.00 Price Target at Robert W. Baird

Centuri (NYSE:CTRI) had its price target raised by Robert W. Baird from $19.00 to $21.00 in a research report sent to investors on Thursday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other analysts have also commented on the company. Bank of America decreased their price objective on Centuri from $21.00 to $15.00 and set an “underperform” rating on the stock in a research note on Tuesday, July 30th. Wells Fargo & Company decreased their target price on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. downgraded Centuri from a “neutral” rating to an “underweight” rating and cut their price target for the company from $19.00 to $16.00 in a report on Monday, October 7th. Finally, UBS Group downgraded Centuri from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $17.00 in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.40.

Centuri Trading Down 6.1 %

Shares of CTRI traded down $1.32 on Thursday, reaching $20.33. The stock had a trading volume of 685,530 shares, compared to its average volume of 518,085. Centuri has a twelve month low of $14.47 and a twelve month high of $28.65. The firm has a 50-day moving average of $17.32 and a 200 day moving average of $20.32. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.05 and a current ratio of 2.05.

Centuri (NYSE:CTRI) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.24). The company had revenue of $692.82 million for the quarter, compared to analysts’ expectations of $719.87 million. As a group, sell-side analysts predict that Centuri will post 0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Centuri

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers bought a new position in shares of Centuri during the second quarter valued at approximately $300,000. Oppenheimer Asset Management Inc. bought a new position in Centuri during the 3rd quarter worth $334,000. Sandia Investment Management LP bought a new stake in Centuri in the second quarter valued at $466,000. Point72 DIFC Ltd acquired a new position in shares of Centuri during the second quarter valued at $657,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Centuri in the 2nd quarter worth about $880,000.

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.