Analysts Set Centuri Holdings, Inc. (NYSE:CTRI) PT at $19.00

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

A number of analysts recently issued reports on CTRI shares. Robert W. Baird reduced their price objective on 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 lifted 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. increased their price objective on Centuri from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Tuesday, January 28th.

Centuri Stock Down 0.3%

Shares of NYSE CTRI traded down $0.07 during mid-day trading on Friday, reaching $19.75. The company had a trading volume of 584,352 shares, compared to its average volume of 457,733. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $1.75 billion and a price-to-earnings ratio of 987.60. The stock has a fifty day moving average of $18.05 and a two-hundred day moving average of $19.31. Centuri has a 12-month low of $14.46 and a 12-month high of $28.65.

Centuri (NYSE:CTRI - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share for the quarter, beating 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 negative net margin of 8.90% and a negative return on equity of 55.33%. The company's quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts expect that Centuri will post 0.25 EPS for the current year.

Institutional Trading of Centuri

A number of institutional investors and hedge funds have recently made changes to their positions in CTRI. R Squared Ltd acquired a new position in shares of Centuri during the 4th quarter valued at about $26,000. Rhumbline Advisers grew its holdings in Centuri by 5.7% during the fourth quarter. Rhumbline Advisers now owns 18,485 shares of the company's stock valued at $357,000 after purchasing an additional 1,000 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Centuri by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,048 shares of the company's stock valued at $619,000 after purchasing an additional 3,428 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Centuri by 8.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 120,540 shares of the company's stock worth $2,328,000 after buying an additional 9,176 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Centuri during the 4th quarter worth $479,000.

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.