Centuri Holdings, Inc. (NYSE:CTRI) Receives $19.00 Consensus Target Price from Brokerages

Shares of Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $19.00.

CTRI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Robert W. Baird lowered 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.

Institutional Investors Weigh In On Centuri

Hedge funds have recently modified their holdings of the business. FMR LLC increased its holdings in Centuri by 96.3% during the fourth quarter. FMR LLC now owns 8,226,974 shares of the company's stock valued at $158,863,000 after buying an additional 4,036,639 shares during the period. Vanguard Group Inc. increased its holdings in shares of Centuri by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 1,667,944 shares of the company's stock valued at $32,208,000 after acquiring an additional 8,326 shares during the period. Carronade Capital Management LP increased its holdings in shares of Centuri by 2.3% in the 4th quarter. Carronade Capital Management LP now owns 1,224,534 shares of the company's stock valued at $23,646,000 after acquiring an additional 27,743 shares during the period. Needham Investment Management LLC raised its position in shares of Centuri by 3.9% in the 4th quarter. Needham Investment Management LLC now owns 447,628 shares of the company's stock worth $8,644,000 after acquiring an additional 16,800 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Centuri by 13.3% during the fourth quarter. Geode Capital Management LLC now owns 320,669 shares of the company's stock valued at $6,193,000 after purchasing an additional 37,532 shares in the last quarter.

Centuri Trading Up 2.7 %

CTRI traded up $0.50 during trading hours on Monday, reaching $19.28. 24,841 shares of the company's stock traded hands, compared to its average volume of 428,730. The firm has a 50-day moving average price of $16.90 and a 200 day moving average price of $19.21. The firm has a market capitalization of $1.71 billion and a PE ratio of -0.08. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri has a 52-week low of $14.46 and a 52-week high of $28.65.

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.