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

Key Points

• Centuri Holdings has a consensus analyst rating of “Hold” from five brokerages, with two sell ratings, one hold, and two buy ratings. The average 12-month price target is $33.68.
• The company recently reported better-than-expected quarterly results, posting EPS of ($0.02) versus an expected ($0.07) and revenue of $688.69 million versus an estimate of $618.87 million. Revenue rose 31.5% year over year.
• Centuri stock rose 2.8% to $34.53, trading near its 50-day average of $31.88 and below its 52-week high of $42.99. The company has a market cap of $3.49 billion.

Shares of Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) have earned an average rating of "Hold" from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $33.68.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Centuri from $32.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on shares of Centuri from $26.00 to $29.00 and gave the stock an "underweight" rating in a research note on Friday. Robert W. Baird set a $41.00 price objective on shares of Centuri in a report on Friday. Cantor Fitzgerald boosted their price objective on shares of Centuri from $35.25 to $37.40 and gave the stock an "overweight" rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Centuri in a report on Friday, March 27th.

Institutional Investors Weigh In On Centuri

Several hedge funds have recently bought and sold shares of CTRI. Tudor Investment Corp ET AL purchased a new stake in Centuri during the third quarter worth about $4,992,000. JPMorgan Chase & Co. boosted its stake in Centuri by 942.9% in the third quarter. JPMorgan Chase & Co. now owns 153,022 shares of the company's stock valued at $3,239,000 after acquiring an additional 138,349 shares during the last quarter. Hudson Bay Capital Management LP grew its position in shares of Centuri by 68.5% during the 3rd quarter. Hudson Bay Capital Management LP now owns 126,385 shares of the company's stock valued at $2,676,000 after acquiring an additional 51,385 shares during the period. New York State Common Retirement Fund grew its position in shares of Centuri by 3,300.4% during the 3rd quarter. New York State Common Retirement Fund now owns 187,023 shares of the company's stock valued at $3,959,000 after acquiring an additional 181,523 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Centuri by 492.0% during the 3rd quarter. Citigroup Inc. now owns 92,634 shares of the company's stock worth $1,961,000 after purchasing an additional 76,987 shares during the last quarter.

Centuri Stock Up 2.8%

Centuri stock opened at $34.53 on Friday. Centuri has a fifty-two week low of $17.97 and a fifty-two week high of $42.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.78. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 101.57, a PEG ratio of 1.40 and a beta of 1.34. The company's 50 day simple moving average is $31.88 and its 200 day simple moving average is $27.61.

Centuri (NYSE:CTRI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million during the quarter, compared to the consensus estimate of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The company's revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) earnings per share. As a group, sell-side analysts anticipate that Centuri will post 0.59 EPS for the current year.

Centuri Company Profile

Centuri Construction Group, Inc NYSE: CTRI is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.

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