Analysts Set Centuri Holdings, Inc. (NYSE:CTRI) Target Price at $19.00

Centuri Holdings, Inc. (NYSE:CTRI) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $19.00.

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

Institutional Trading of Centuri

A number of large investors have recently bought and sold shares of CTRI. Rhumbline Advisers boosted its stake in shares of 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 purchasing an additional 1,000 shares in the last quarter. Corebridge Financial Inc. increased its stake in shares of Centuri by 15.7% in the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company’s stock valued at $163,000 after buying an additional 1,146 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Centuri in the fourth quarter valued at $26,000. JPMorgan Chase & Co. raised its holdings in shares of Centuri by 11.6% in the fourth quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company’s stock valued at $248,000 after buying an additional 1,335 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in Centuri by 20.5% during the 4th quarter. MetLife Investment Management LLC now owns 9,933 shares of the company’s stock worth $192,000 after buying an additional 1,690 shares in the last quarter.

Centuri Price Performance

Shares of NYSE:CTRI opened at $18.56 on Monday. The company has a market cap of $1.64 billion and a price-to-earnings ratio of -0.08. The business has a 50 day moving average price of $16.90 and a 200 day moving average price of $19.21. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri has a twelve month low of $14.46 and a twelve month high of $28.65.

About Centuri

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.