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

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.40.

Several analysts recently weighed in on the stock. 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 report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th.

Institutional Trading of Centuri

A number of hedge funds have recently bought and sold shares of CTRI. Bank of New York Mellon Corp purchased a new stake in Centuri in the 2nd quarter worth about $2,757,000. Davidson Kempner Capital Management LP acquired a new position in shares of Centuri in the 2nd quarter valued at about $1,500,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Centuri during the 3rd quarter valued at $211,000. BNP Paribas Financial Markets increased its position in Centuri by 39.3% in 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 during the last quarter. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of Centuri in the 2nd quarter valued at $3,409,000.

Centuri Trading Down 3.0 %

Shares of NYSE CTRI opened at $19.76 on Tuesday. 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 current ratio of 1.64 and a quick ratio of 1.64. The firm’s 50-day moving average price is $20.12 and its two-hundred day moving average price is $19.06.

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.