Brokerages Set Centuri Holdings, Inc. (NYSE:CTRI) Target Price at $27.60

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $27.60.

A number of research analysts have recently issued reports on CTRI shares. Bank of America reiterated an “underperform” rating and set a $21.00 price objective (down from $26.00) on shares of Centuri in a report on Thursday, June 27th. UBS Group began coverage on shares of Centuri in a report on Monday, May 13th. They set a “buy” rating and a $30.00 price target on the stock. Williams Capital upgraded shares of Centuri to a “strong-buy” rating in a report on Tuesday, May 14th. KeyCorp began coverage on shares of Centuri in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, Robert W. Baird began coverage on shares of Centuri in a report on Monday, May 13th. They set an “outperform” rating and a $30.00 price target on the stock.

Insiders Place Their Bets

In related news, Director Julie Dill acquired 5,000 shares of the stock in a transaction on Monday, April 22nd. The shares were acquired at an average price of $21.00 per share, with a total value of $105,000.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $105,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Centuri news, Director Julie Dill purchased 5,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were bought at an average price of $21.00 per share, with a total value of $105,000.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $105,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO William Fehrman purchased 25,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was acquired at an average cost of $21.00 per share, for a total transaction of $525,000.00. Following the transaction, the chief executive officer now owns 25,000 shares of the company’s stock, valued at $525,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 35,250 shares of company stock valued at $740,250.

Centuri Trading Down 0.1 %

Shares of NYSE CTRI opened at $19.99 on Tuesday. The firm’s 50-day simple moving average is $25.13. Centuri has a 1 year low of $18.50 and a 1 year high of $28.65. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.91.

Centuri (NYSE:CTRI) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($137.53) earnings per share (EPS) for the quarter. The firm had revenue of $528.02 million for the quarter. On average, research analysts anticipate that Centuri will post 0.55 EPS for the current fiscal year.

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.