Centuri Holdings, Inc. (NYSE:CTRI) Receives $30.67 Consensus Price Target from Brokerages

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $30.6667.

CTRI has been the topic of several research reports. Bank of America lowered their price objective on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a research report on Friday, September 4th. Weiss Ratings raised shares of Centuri from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Wells Fargo & Company dropped their price objective on Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Robert W. Baird set a $33.00 target price on Centuri in a research report on Wednesday, August 5th. Finally, Cantor Fitzgerald boosted their target price on Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th.

Institutional Investors Weigh In On Centuri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRI. Integrated Wealth Concepts LLC bought a new position in Centuri during the second quarter worth about $33,000. KBC Group NV purchased a new stake in shares of Centuri during the 1st quarter valued at approximately $67,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Centuri during the 1st quarter valued at approximately $183,000. Jefferies Financial Group Inc. bought a new position in Centuri in the 4th quarter worth approximately $229,000. Finally, Odyssean LLC bought a new position in Centuri in the 2nd quarter worth approximately $318,000.

Centuri Stock Performance

CTRI stock opened at $19.05 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1.92 billion, a PE ratio of 61.44, a P/E/G ratio of 0.64 and a beta of 1.01. The business has a 50 day moving average of $23.59 and a 200-day moving average of $28.50. Centuri has a 12-month low of $19.03 and a 12-month high of $42.99.

Centuri (NYSE:CTRI) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. Centuri had a return on equity of 5.85% and a net margin of 0.86%.The business had revenue of $959.53 million for the quarter, compared to analysts’ expectations of $835.99 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business’s revenue was up 32.9% on a year-over-year basis. As a group, sell-side analysts expect that Centuri will post 0.62 earnings per share for the current year.

About Centuri

Centuri Group, Inc is a North American utility infrastructure services company that supports the construction, maintenance and modernization of energy networks. The company primarily serves natural gas and electric utilities, providing services across the infrastructure life cycle, from initial engineering and installation to repair, replacement and ongoing maintenance.

Its capabilities include gas distribution construction, electric transmission and distribution work, pipeline integrity services, underground utility installation, emergency response and related engineering and field services.