Centuri Holdings, Inc. (NYSE:CTRI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $19.00.

Several equities analysts recently weighed in on CTRI shares. JPMorgan Chase & Co. increased their price objective on shares of Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Tuesday, January 28th. Robert W. Baird reduced their price target on Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th.

Institutional Trading of Centuri

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of Centuri by 410.4% during the third quarter. Barclays PLC now owns 23,657 shares of the company’s stock worth $382,000 after purchasing an additional 19,022 shares during the period. Corebridge Financial Inc. increased its stake in Centuri by 15.7% during the 4th quarter. Corebridge Financial Inc. now owns 8,459 shares of the company’s stock worth $163,000 after purchasing an additional 1,146 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Centuri during the 4th quarter worth approximately $280,000. State Street Corp lifted its stake in Centuri by 37.3% in the third quarter. State Street Corp now owns 229,638 shares of the company’s stock valued at $3,709,000 after buying an additional 62,390 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Centuri by 5.7% in the 4th quarter. Rhumbline Advisers now owns 18,485 shares of the company’s stock valued at $357,000 after acquiring an additional 1,000 shares in the last quarter.

Centuri Stock Performance

Centuri stock opened at $18.56 on Monday. The company has a market cap of $1.64 billion and a PE ratio of -0.08. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri has a 1 year low of $14.46 and a 1 year high of $28.65. The company’s 50-day moving average is $16.90 and its two-hundred day moving average is $19.21.

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.