Brokerages Set Centuri Holdings, Inc. (NYSE:CTRI) Target Price at $19.00

Shares of Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $19.00.

CTRI has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on shares of Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price target on Centuri from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CTRI. Raymond James Financial Inc. acquired a new stake in shares of Centuri in the 4th quarter valued at about $479,000. Corebridge Financial Inc. increased its holdings in Centuri by 15.7% in the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock valued at $163,000 after buying an additional 1,146 shares during the last quarter. Deutsche Bank AG increased its holdings in Centuri by 31.4% in the fourth quarter. Deutsche Bank AG now owns 8,659 shares of the company's stock valued at $167,000 after buying an additional 2,068 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Centuri during the fourth quarter valued at approximately $280,000. Finally, Millennium Management LLC bought a new position in Centuri during the 4th quarter worth approximately $888,000.

Centuri Trading Down 1.6%

Shares of Centuri stock traded down $0.33 during trading hours on Tuesday, hitting $20.42. The company's stock had a trading volume of 314,070 shares, compared to its average volume of 499,051. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $1.81 billion, a PE ratio of 1,024.01, a P/E/G ratio of 1.13 and a beta of 1.06. The business has a fifty day moving average of $19.69 and a 200 day moving average of $19.43. Centuri has a 1-year low of $14.46 and a 1-year high of $26.84.

Centuri (NYSE:CTRI - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.02. The firm had revenue of $550.08 million for the quarter, compared to analyst estimates of $534.41 million. Centuri had a return on equity of 5.16% and a net margin of 0.02%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts forecast that Centuri will post 0.25 EPS for the current 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.