Centuri Holdings, Inc. (NYSE:CTRI) Stock Has Average Price Target of $28.17 According to Analysts

Key Points

• Analyst sentiment is mixed: Seven firms collectively rate Centuri Holdings “Hold,” with three sell, one hold and three buy recommendations. The average 12-month price target is $28.17, above the reported $21.57 share price.
• Recent operating results exceeded expectations: Centuri reported quarterly EPS of $0.24 versus the $0.21 consensus estimate and revenue of $959.53 million versus $835.99 million expected. Revenue increased 32.9% year over year.
• Shares remain well below their annual high: The stock has traded between $18.60 and $42.99 over the past year, with 50-day and 200-day moving averages of $20.36 and $27.27, respectively. A company director also purchased 5,200 shares, while several institutional investors recently increased or initiated positions.

Shares of Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) have received an average recommendation of "Hold" from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $28.17.

CTRI has been the topic of a number of research analyst reports. Bank of America cut their price target on shares of Centuri from $33.50 to $21.00 and set an "underperform" rating on the stock in a report on Friday, September 4th. Weiss Ratings downgraded shares of Centuri from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Wall Street Zen downgraded shares of Centuri from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Wells Fargo & Company lowered their price objective on shares of Centuri from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Centuri from $23.00 to $22.00 and set an "underweight" rating on the stock in a research note on Monday, October 19th.

Centuri Price Performance

Shares of NYSE CTRI opened at $21.57 on Friday. Centuri has a twelve month low of $18.60 and a twelve month high of $42.99. The stock's 50 day moving average price is $20.36 and its 200-day moving average price is $27.27. The company has a market capitalization of $2.18 billion, a PE ratio of 69.58, a PEG ratio of 0.71 and a beta of 1.01. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.81.

Centuri (NYSE:CTRI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. The business had revenue of $959.53 million for the quarter, compared to analyst estimates of $835.99 million. Centuri had a return on equity of 5.85% and a net margin of 0.86%. Centuri's quarterly revenue was up 32.9% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. On average, equities analysts anticipate that Centuri will post 0.61 EPS for the current year.

Insider Activity

In related news, Director Dustin DeMaria purchased 5,200 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average price of $19.27 per share, with a total value of $100,204.00. Following the acquisition, the director owned 12,936 shares of the company's stock, valued at $249,276.72. This trade represents a 67.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is currently owned by insiders.

Institutional Trading of Centuri

A number of large investors have recently bought and sold shares of the company. Reinhart Partners LLC. bought a new position in shares of Centuri during the 3rd quarter worth $76,741,000. Assenagon Asset Management S.A. bought a new stake in Centuri in the 2nd quarter valued at about $23,153,000. Verbena Value LP raised its stake in Centuri by 31.3% in the 1st quarter. Verbena Value LP now owns 1,771,457 shares of the company's stock valued at $51,744,000 after acquiring an additional 422,593 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Centuri by 46.2% during the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company's stock valued at $25,998,000 after purchasing an additional 281,264 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Centuri during the second quarter valued at about $7,827,000.

Centuri Company Profile

Centuri Holdings, Inc is a strategic infrastructure services company that supports the development, maintenance and modernization of energy and utility systems. The company provides construction and related services for natural gas and electric distribution infrastructure, including pipelines, utility networks and other assets used to deliver energy to homes, businesses and communities.

Centuri also serves customers in areas such as electric transmission, renewable energy and broader utility infrastructure.

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