Centuri Holdings, Inc. (NYSE:CTRI) Stock Has Average Price Target of $29.50 According to Brokerages

Key Points

• Analyst consensus is “Hold” for Centuri, with two sell, two hold, and three buy ratings. The average 12-month price target is $29.50, above the stock’s recent $20.78 price.
• Centuri exceeded quarterly expectations, reporting $0.24 in EPS versus the $0.21 consensus and $959.5 million in revenue, up 32.9% year over year.
• The stock remains near its 52-week low of $19.03, while director Dustin DeMaria purchased 5,200 shares and several institutional investors recently established or expanded positions.

Shares of Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) have received a consensus recommendation of "Hold" from the seven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $29.50.

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Centuri from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded Centuri from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Cantor Fitzgerald upped their target price on Centuri from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. Wells Fargo & Company decreased their price target on Centuri from $37.00 to $29.00 and set an "overweight" rating for the company in a research report on Wednesday, August 5th. Finally, Robert W. Baird dropped their price target on Centuri from $33.00 to $26.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 29th.

Centuri Price Performance

Shares of NYSE:CTRI opened at $20.78 on Tuesday. The firm's 50 day moving average is $21.66 and its two-hundred day moving average is $27.53. The firm has a market capitalization of $2.10 billion, a P/E ratio of 67.03, a PEG ratio of 0.68 and a beta of 1.01. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.81. Centuri has a 52 week low of $19.03 and a 52 week high of $42.99.

Centuri (NYSE:CTRI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The business had revenue of $959.53 million during the quarter, compared to the consensus estimate of $835.99 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company's quarterly revenue was up 32.9% compared to the same quarter last year. Analysts anticipate that Centuri will post 0.62 earnings per share for the current year.

Insiders Place Their Bets

In other Centuri news, Director Dustin DeMaria bought 5,200 shares of the company's stock in a transaction dated Friday, September 18th. The shares were bought at an average price of $19.27 per share, for a total transaction of $100,204.00. Following the acquisition, the director directly owned 12,936 shares of the company's stock, valued at approximately $249,276.72. This trade represents a 67.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On Centuri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRI. Assenagon Asset Management S.A. acquired a new stake in shares of Centuri during the 2nd quarter valued at about $23,153,000. Empyrean Capital Partners LP bought a new stake in shares of Centuri in the 4th quarter valued at approximately $14,594,000. Verbena Value LP grew its stake in shares of 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 buying an additional 422,593 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Centuri by 46.2% in the first quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company's stock worth $25,998,000 after buying an additional 281,264 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Centuri during the second quarter valued at approximately $7,827,000.

Centuri Company Profile

Centuri Holdings, Inc NYSE: CTRI is an infrastructure services company that supports the development, maintenance and modernization of essential utility systems in the United States and Canada. Its customers primarily include natural gas and electric utilities, municipalities and other infrastructure owners.

The company provides construction and maintenance services for gas distribution networks, electric transmission and distribution systems, and other underground utility infrastructure.

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