Centuri Holdings, Inc. (NYSE:CTRI) Receives $18.80 Average PT from Analysts

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.80.

CTRI has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price objective on Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Centuri from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 28th.

Hedge Funds Weigh In On Centuri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTRI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Centuri in the 3rd quarter valued at $211,000. Barclays PLC lifted its stake in shares of Centuri by 410.4% in the 3rd quarter. Barclays PLC now owns 23,657 shares of the company’s stock valued at $382,000 after purchasing an additional 19,022 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of 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 purchasing an additional 1,927 shares during the last quarter. State Street Corp lifted its stake in shares of Centuri by 37.3% in the 3rd quarter. State Street Corp now owns 229,638 shares of the company’s stock valued at $3,709,000 after purchasing an additional 62,390 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Centuri by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 111,364 shares of the company’s stock valued at $1,799,000 after purchasing an additional 3,818 shares during the last quarter.

Centuri Price Performance

Centuri stock opened at $20.78 on Wednesday. Centuri has a 12 month low of $14.47 and a 12 month high of $28.65. The business has a 50 day simple moving average of $21.01 and a 200-day simple moving average of $18.90. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64.

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.