Centuri Holdings, Inc. (NYSE:CTRI) Receives $37.80 Average Target Price from Analysts

Centuri Holdings, Inc. (NYSE:CTRI) has received an average recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $37.80.

CTRI has been the topic of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Cantor Fitzgerald upped their price objective on shares of Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Centuri in a research note on Friday, March 27th. JPMorgan Chase & Co. upped their price objective on shares of Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. Finally, Robert W. Baird set a $41.00 price objective on shares of Centuri in a research note on Friday, May 8th.

Centuri Trading Up 0.2%

Shares of CTRI stock opened at $29.90 on Wednesday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 87.96, a PEG ratio of 1.03 and a beta of 1.07. The stock has a 50-day moving average of $32.26 and a 200-day moving average of $29.12. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82. Centuri has a 1-year low of $19.04 and a 1-year high of $42.99.

Centuri (NYSE:CTRI) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. The company had revenue of $688.69 million during the quarter, compared to analysts’ expectations of $618.87 million. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. On average, equities research analysts forecast that Centuri will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Centuri by 13,385.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock valued at $40,000 after acquiring an additional 1,874 shares in the last quarter. KBC Group NV bought a new stake in shares of Centuri in the 1st quarter valued at $67,000. CWM LLC increased its stake in shares of Centuri by 59.7% in the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after acquiring an additional 1,512 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Centuri by 121.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after acquiring an additional 3,037 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Centuri in the 3rd quarter valued at $128,000.

About Centuri

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.