Centuri Holdings, Inc. (NYSE:CTRI) Receives Consensus Recommendation of "Hold" from Analysts

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

Several brokerages have issued reports on CTRI. Robert W. Baird cut their price target on Centuri from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Wells Fargo & Company raised their price target on Centuri from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. raised their price target on Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th.

Centuri Price Performance

NYSE:CTRI opened at $18.54 on Friday. Centuri has a 1-year low of $14.46 and a 1-year high of $28.65. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. The firm has a fifty day simple moving average of $17.84 and a 200 day simple moving average of $19.33. The stock has a market capitalization of $1.64 billion and a PE ratio of 927.15.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. Centuri had a negative return on equity of 55.33% and a negative net margin of 8.90%. The business had revenue of $550.08 million during the quarter, compared to the consensus estimate of $534.41 million. The company's quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts expect that Centuri will post 0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Centuri

Hedge funds and other institutional investors have recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Centuri during the fourth quarter worth $26,000. KLP Kapitalforvaltning AS acquired a new position in Centuri in the fourth quarter valued at about $62,000. Deutsche Bank AG raised its stake in Centuri by 5.6% in the first quarter. Deutsche Bank AG now owns 9,143 shares of the company's stock valued at $150,000 after purchasing an additional 484 shares in the last quarter. Corebridge Financial Inc. raised its stake 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 purchasing an additional 1,146 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Centuri by 27.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,625 shares of the company's stock valued at $186,000 after purchasing an additional 2,054 shares in the last quarter.

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.

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