Centuri Holdings, Inc. (NYSE:CTRI) Receives $18.40 Consensus Price Target from Brokerages

Centuri Holdings, Inc. (NYSE:CTRI) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.40.

A number of research firms recently commented on CTRI. JPMorgan Chase & Co. lifted their price objective on Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price objective 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.

Centuri Price Performance

Centuri stock opened at $19.81 on Friday. The stock’s 50 day moving average price is $18.54 and its 200 day moving average price is $19.78. Centuri has a 1-year low of $14.47 and a 1-year 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.

Institutional Trading of Centuri

Institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA bought a new position in shares of Centuri during the 2nd quarter valued at about $33,619,000. Zimmer Partners LP raised its stake 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 buying an additional 610,138 shares during the period. Clearbridge Investments LLC acquired a new position in shares of Centuri during the 2nd quarter worth approximately $5,587,000. Point72 Asset Management L.P. acquired a new stake in shares of Centuri during the 2nd quarter worth about $4,339,000. Finally, Ghisallo Capital Management LLC acquired a new stake in Centuri during the second quarter worth approximately $3,409,000.

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.