Centuri Holdings, Inc. (NYSE:CTRI) Receives Average Rating of “Moderate Buy” from Analysts

Centuri Holdings, Inc. (NYSE:CTRI) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $18.40.

A number of analysts have recently issued reports on CTRI shares. JPMorgan Chase & Co. lifted their price target on Centuri from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their price target on Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Hedge Funds Weigh In On Centuri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in Centuri during the fourth quarter worth $26,000. BNP Paribas Financial Markets lifted its stake in shares of Centuri by 39.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock valued at $110,000 after purchasing an additional 1,927 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Centuri by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 111,364 shares of the company’s stock valued at $1,799,000 after purchasing an additional 3,818 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Centuri by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after purchasing an additional 4,645 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Centuri in the 3rd quarter valued at $162,000.

Centuri Stock Up 12.8 %

Shares of NYSE:CTRI opened at $24.47 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70. The business’s 50 day moving average price is $20.68 and its 200-day moving average price is $18.68. Centuri has a 1 year low of $14.47 and a 1 year high of $28.65.

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.