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

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

Several research firms have recently weighed in on CTRI. JPMorgan Chase & Co. raised their price objective on shares of Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price target on Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Institutional Trading of Centuri

Several hedge funds have recently added to or reduced their stakes in CTRI. Barclays PLC grew its stake in shares of Centuri by 410.4% during 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 during the last quarter. XTX Topco Ltd bought a new position in Centuri during the 3rd quarter worth approximately $448,000. Zimmer Partners LP increased its stake in Centuri by 67.4% in 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 during the period. State Street Corp lifted its position in 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 purchasing an additional 62,390 shares during the last quarter. Finally, Needham Investment Management LLC boosted its stake in shares of Centuri by 44.8% during the third quarter. Needham Investment Management LLC now owns 430,828 shares of the company’s stock valued at $6,958,000 after purchasing an additional 133,200 shares during the period.

Centuri Price Performance

Shares of Centuri stock opened at $21.95 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri has a 1 year low of $14.47 and a 1 year high of $28.65. The company has a 50 day simple moving average of $20.48 and a two-hundred day simple moving average of $18.58.

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.