Brokerages Set Centuri Holdings, Inc. (NYSE:CTRI) Target Price at $19.00

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.00.

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

Centuri Trading Up 1.2 %

Shares of CTRI stock opened at $15.69 on Friday. Centuri has a 52-week low of $14.47 and a 52-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 company has a 50-day simple moving average of $19.99 and a two-hundred day simple moving average of $19.12. The company has a market capitalization of $1.39 billion and a price-to-earnings ratio of -0.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd bought a new stake in Centuri during the 4th quarter valued at $26,000. KLP Kapitalforvaltning AS bought a new stake in shares of Centuri during the 4th quarter valued at $62,000. BNP Paribas Financial Markets lifted its holdings in Centuri by 39.3% during 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 boosted its stake in Centuri by 129.1% in the 3rd 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. Finally, Centiva Capital LP bought a new position in Centuri in the 3rd quarter worth about $162,000.

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.