Centuri Holdings, Inc. (NYSE:CTRI) Receives $18.80 Consensus Target Price from Brokerages

Centuri Holdings, Inc. (NYSE:CTRI) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.80.

CTRI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Robert W. Baird upped their price objective on shares of Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Centuri Stock Down 4.5 %

Shares of CTRI stock opened at $19.78 on Wednesday. Centuri has a 1 year low of $14.47 and a 1 year high of $28.65. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. The stock has a 50 day simple moving average of $21.00 and a 200 day simple moving average of $18.97.

Institutional Trading of Centuri

Large investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of Centuri by 96.3% in the fourth quarter. FMR LLC now owns 8,226,974 shares of the company’s stock worth $158,863,000 after acquiring an additional 4,036,639 shares during the last quarter. Zimmer Partners LP increased its position in Centuri by 67.4% during the 3rd quarter. Zimmer Partners LP now owns 1,515,550 shares of the company’s stock worth $24,476,000 after purchasing an additional 610,138 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Centuri in the 4th quarter valued at approximately $2,609,000. Needham Investment Management LLC boosted its position in Centuri by 44.8% in the third quarter. Needham Investment Management LLC now owns 430,828 shares of the company’s stock valued at $6,958,000 after buying an additional 133,200 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Centuri by 37.3% during the third quarter. State Street Corp now owns 229,638 shares of the company’s stock worth $3,709,000 after buying an additional 62,390 shares during 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.