Analysts Set Centuri Holdings, Inc. (NYSE:CTRI) PT at $19.00

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $19.00.

Several equities research analysts have issued reports on CTRI shares. JPMorgan Chase & Co. raised their target price on Centuri from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. Robert W. Baird cut their price target on Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th.

Centuri Price Performance

Shares of Centuri stock opened at $16.14 on Friday. The business has a 50 day simple moving average of $20.14 and a two-hundred day simple moving average of $19.16. Centuri has a 12 month low of $14.47 and a 12 month high of $28.65. The stock has a market capitalization of $1.43 billion and a P/E ratio of -0.07. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CTRI. FMR LLC raised its holdings in Centuri by 96.3% in the 4th quarter. FMR LLC now owns 8,226,974 shares of the company’s stock valued at $158,863,000 after acquiring an additional 4,036,639 shares during the last quarter. Vanguard Group Inc. raised its position in Centuri by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 1,667,944 shares of the company’s stock valued at $32,208,000 after purchasing an additional 8,326 shares during the period. Zimmer Partners LP raised its position in Centuri by 67.4% in the third quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock valued at $24,476,000 after purchasing an additional 610,138 shares during the period. Carronade Capital Management LP raised its position in Centuri by 2.3% in the fourth quarter. Carronade Capital Management LP now owns 1,224,534 shares of the company’s stock valued at $23,646,000 after purchasing an additional 27,743 shares during the period. Finally, Needham Investment Management LLC raised its position in Centuri by 3.9% in the fourth quarter. Needham Investment Management LLC now owns 447,628 shares of the company’s stock valued at $8,644,000 after purchasing an additional 16,800 shares during the period.

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.