Analysts Set Centuri Holdings, Inc. (NYSE:CTRI) Target Price at $18.80

Centuri Holdings, Inc. (NYSE:CTRI) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.80.

A number of equities research analysts recently issued reports on CTRI shares. JPMorgan Chase & Co. boosted their price objective on Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Robert W. Baird upped their price target on shares of Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Institutional Trading of Centuri

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of Centuri during the 3rd quarter valued at $334,000. Charles Schwab Investment Management Inc. grew its position in Centuri by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 111,364 shares of the company’s stock worth $1,799,000 after buying an additional 3,818 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Centuri in the 3rd quarter worth about $256,000. BNP Paribas Financial Markets raised its holdings 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 acquiring an additional 1,927 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Centuri by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after acquiring an additional 4,645 shares during the last quarter.

Centuri Stock Performance

Shares of NYSE CTRI opened at $20.78 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri has a one year low of $14.47 and a one year high of $28.65. The business’s fifty day moving average price is $21.01 and its 200-day moving average price is $18.94.

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.