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

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

Several research analysts have commented on the company. Wells Fargo & Company cut their price target on Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. Baird R W raised Centuri to a “strong-buy” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. cut their price target on Centuri from $28.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Williams Capital upgraded Centuri to a “strong-buy” rating in a research note on Tuesday, May 14th. Finally, UBS Group cut Centuri from a “buy” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $17.00 in a research note on Tuesday, July 30th.

Insiders Place Their Bets

In other Centuri news, Director William Fehrman acquired 20,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was purchased at an average price of $16.50 per share, for a total transaction of $330,000.00. Following the completion of the transaction, the director now owns 45,000 shares of the company’s stock, valued at approximately $742,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers purchased a new position in shares of Centuri in the second quarter valued at $300,000. Sandia Investment Management LP purchased a new position in shares of Centuri in the second quarter valued at $466,000. Point72 DIFC Ltd purchased a new position in shares of Centuri in the second quarter valued at $657,000. Gabelli Funds LLC purchased a new position in shares of Centuri in the second quarter valued at $880,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Centuri in the second quarter valued at $1,393,000.

Centuri Trading Up 1.5 %

Shares of CTRI opened at $16.38 on Wednesday. The firm has a 50-day moving average of $19.84. The company has a debt-to-equity ratio of 5.91, a current ratio of 1.39 and a quick ratio of 1.39. Centuri has a 1 year low of $14.47 and a 1 year high of $28.65.

Centuri (NYSE:CTRI) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $672.08 million during the quarter, compared to analysts’ expectations of $760.55 million. The company’s revenue was down 16.6% on a year-over-year basis. As a group, equities analysts predict that Centuri will post 0.51 earnings per share for the current year.

Centuri Company Profile

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.