Brokerages Set Centuri Holdings, Inc. (NYSE:CTRI) Target Price at $18.40

Centuri Holdings, Inc. (NYSE:CTRI) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $18.40.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Robert W. Baird increased their price target on shares of Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Centuri Stock Performance

CTRI opened at $19.81 on Friday. Centuri has a fifty-two week low of $14.47 and a fifty-two week 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 firm has a 50-day moving average of $18.54 and a 200 day moving average of $19.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in Centuri by 39.3% in the 3rd 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 in the last quarter. MetLife Investment Management LLC raised 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 period. Centiva Capital LP purchased a new stake in Centuri in the third quarter valued at $162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Centuri during the third quarter worth $211,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Centuri during the 3rd quarter valued at about $256,000.

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.