Centuri Holdings, Inc. (NYSE:CTRI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.60.

Several analysts have recently weighed in on the company. UBS Group lowered Centuri from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $17.00 in a report on Tuesday, July 30th. KeyCorp assumed coverage on shares of Centuri in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Bank of America reduced their price objective on shares of Centuri from $21.00 to $15.00 and set an “underperform” rating for the company in a report on Tuesday, July 30th. Wells Fargo & Company lowered their target price on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Centuri from $28.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th.

Centuri Stock Down 0.6 %

Shares of CTRI stock opened at $16.62 on Friday. Centuri has a 1 year low of $14.47 and a 1 year high of $28.65. The business’s fifty day moving average is $17.19. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.05 and a current ratio of 2.05.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $672.08 million for the quarter, compared to analyst estimates of $760.55 million. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, analysts anticipate that Centuri will post 0.43 earnings per share for the current year.

Insider Activity

In other Centuri news, Director William Fehrman purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average cost of $16.50 per share, for a total transaction of $330,000.00. Following the transaction, the director now directly owns 45,000 shares in the company, valued at $742,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Centuri

Several large investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA acquired a new position in Centuri during the 2nd quarter worth about $33,619,000. Clearbridge Investments LLC acquired a new position in shares of Centuri during the second quarter worth approximately $5,587,000. Point72 Asset Management L.P. bought a new stake in shares of Centuri during the second quarter valued at approximately $4,339,000. Ghisallo Capital Management LLC acquired a new stake in shares of Centuri in the second quarter valued at approximately $3,409,000. Finally, Maverick Capital Ltd. acquired a new position in Centuri during the 2nd quarter worth $2,922,000.

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.