Centuri Holdings, Inc. (NYSE:CTRI) Receives $19.00 Average PT from Analysts

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently 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 given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $19.00.

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

Hedge Funds Weigh In On Centuri

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers grew its stake in Centuri by 5.7% during the 4th quarter. Rhumbline Advisers now owns 18,485 shares of the company’s stock valued at $357,000 after purchasing an additional 1,000 shares during the last quarter. Corebridge Financial Inc. lifted its holdings in shares of Centuri by 15.7% during the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company’s stock worth $163,000 after purchasing an additional 1,146 shares during the period. R Squared Ltd purchased a new stake in Centuri in the fourth quarter valued at approximately $26,000. JPMorgan Chase & Co. increased its holdings in Centuri by 11.6% in the 4th quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company’s stock worth $248,000 after buying an additional 1,335 shares during the period. Finally, MetLife Investment Management LLC raised its position in Centuri by 20.5% during the 4th quarter. MetLife Investment Management LLC now owns 9,933 shares of the company’s stock worth $192,000 after buying an additional 1,690 shares during the last quarter.

Centuri Stock Down 2.7 %

Shares of Centuri stock opened at $15.81 on Thursday. Centuri has a 52-week low of $14.46 and a 52-week high of $28.65. The firm’s 50 day moving average price is $18.55 and its 200-day moving average price is $19.11. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. The company has a market cap of $1.40 billion and a P/E ratio of -0.07.

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.