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

Centuri Holdings, Inc. (NYSE:CTRI) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.00.

Several brokerages have recently weighed in on CTRI. UBS Group cut shares of Centuri from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $17.00 in a research note on Tuesday, July 30th. Wells Fargo & Company dropped their price target on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. downgraded shares of Centuri from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $19.00 to $16.00 in a research report on Monday, October 7th. Finally, Bank of America lowered their price target on Centuri from $21.00 to $15.00 and set an “underperform” rating on the stock in a research report on Tuesday, July 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in shares of Centuri during the 2nd quarter worth approximately $300,000. Sandia Investment Management LP acquired a new stake in shares of Centuri during the 2nd quarter worth $466,000. Point72 DIFC Ltd bought a new position in shares of Centuri in the second quarter worth $657,000. Gabelli Funds LLC acquired a new position in Centuri in the second quarter valued at about $880,000. Finally, Versant Capital Management Inc acquired a new position in Centuri in the third quarter valued at about $1,153,000.

Centuri Stock Performance

Shares of Centuri stock opened at $19.00 on Monday. The firm has a 50-day moving average price of $17.09. Centuri has a one year low of $14.47 and a one year high of $28.65. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.05 and a current ratio of 2.05.

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.