Centuri Holdings, Inc. (NYSE:CTRI) Receives $20.00 Average PT from Analysts

Centuri Holdings, Inc. (NYSE:CTRI) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Two equities research 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 issued a report on the stock in the last year is $20.00.

CTRI has been the subject of a number of research analyst reports. KeyCorp started coverage on Centuri in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. Bank of America dropped their target price on Centuri from $21.00 to $15.00 and set an “underperform” rating for the company in a report on Tuesday, July 30th. UBS Group cut shares of Centuri from a “buy” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $17.00 in a report on Tuesday, July 30th. Wells Fargo & Company decreased their target price on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. cut shares of Centuri from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $19.00 to $16.00 in a research note on Monday, October 7th.

Insider Transactions at Centuri

In related news, Director William Fehrman purchased 20,000 shares of Centuri stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average price of $16.50 per share, with a total value of $330,000.00. Following the completion of the transaction, the director now owns 45,000 shares of the company’s stock, valued at approximately $742,500. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Centuri

A number of hedge funds have recently added to or reduced their stakes in CTRI. Rhumbline Advisers purchased a new position in shares of Centuri during the 2nd quarter valued at about $300,000. Sandia Investment Management LP bought a new position in Centuri in the second quarter worth approximately $466,000. Point72 DIFC Ltd purchased a new position in shares of Centuri in the 2nd quarter valued at $657,000. Gabelli Funds LLC purchased a new stake in shares of Centuri during the 2nd quarter worth $880,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Centuri during the third quarter valued at about $1,153,000.

Centuri Stock Up 4.2 %

Shares of NYSE CTRI opened at $18.06 on Thursday. Centuri has a fifty-two week low of $14.47 and a fifty-two week high of $28.65. The firm has a fifty day moving average of $16.33. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.94.

Centuri (NYSE:CTRI) last released its earnings results on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $672.08 million during the quarter, compared to analyst estimates of $760.55 million. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that Centuri will post 0.43 EPS for the current fiscal year.

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.