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

Centuri Holdings, Inc. (NYSE:CTRI) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $18.40.

Several analysts have commented on CTRI shares. JPMorgan Chase & Co. increased their price target on shares of Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a research 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 company an “outperform” rating in a research report on Thursday, November 7th.

Hedge Funds Weigh In On Centuri

Several hedge funds have recently modified their holdings of CTRI. Davidson Kempner Capital Management LP acquired a new position in Centuri in the 2nd quarter worth approximately $1,500,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Centuri in the 3rd quarter worth approximately $211,000. BNP Paribas Financial Markets increased 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 worth $110,000 after buying an additional 1,927 shares during the period. Barclays PLC increased its holdings in Centuri by 410.4% in the 3rd quarter. Barclays PLC now owns 23,657 shares of the company’s stock worth $382,000 after buying an additional 19,022 shares during the period. Finally, Ghisallo Capital Management LLC acquired a new position in Centuri in the 2nd quarter worth approximately $3,409,000.

Centuri Stock Down 1.7 %

CTRI stock opened at $22.19 on Friday. The firm has a 50-day simple moving average of $20.58 and a two-hundred day simple moving average of $18.62. 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 current ratio of 1.64 and a quick ratio of 1.64.

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.