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

Centuri Holdings, Inc. (NYSE:CTRI) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.40.

CTRI has been the subject of several recent analyst reports. Robert W. Baird raised their price target on Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th.

Centuri Stock Performance

Shares of NYSE CTRI opened at $24.47 on Friday. 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 business has a 50-day simple moving average of $20.68 and a two-hundred day simple moving average of $18.68. Centuri has a fifty-two week low of $14.47 and a fifty-two week high of $28.65.

Institutional Investors Weigh In On Centuri

A number of institutional investors and hedge funds have recently modified their holdings of the company. R Squared Ltd purchased a new position in Centuri during the fourth quarter valued at approximately $26,000. Barclays PLC increased its position in shares of Centuri by 410.4% in the third quarter. Barclays PLC now owns 23,657 shares of the company’s stock valued at $382,000 after buying an additional 19,022 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Centuri in the third quarter valued at approximately $448,000. Zimmer Partners LP increased its position in shares of 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 in the last quarter. Finally, State Street Corp increased its position in shares of Centuri by 37.3% in the third quarter. State Street Corp now owns 229,638 shares of the company’s stock valued at $3,709,000 after buying an additional 62,390 shares in the last quarter.

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.