Robert W. Baird Has Lowered Expectations for Centuri (NYSE:CTRI) Stock Price

Centuri (NYSE:CTRI) had its target price cut by analysts at Robert W. Baird from $23.00 to $22.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 26.73% from the company’s current price.

Separately, JPMorgan Chase & Co. raised their target price on Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.00.

Centuri Stock Performance

CTRI opened at $17.36 on Thursday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. Centuri has a twelve month low of $14.47 and a twelve month high of $28.65. The company has a 50-day moving average price of $20.68 and a 200 day moving average price of $19.10.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Centuri in the fourth quarter valued at approximately $26,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Centuri in the 4th quarter worth $62,000. BNP Paribas Financial Markets raised its holdings in shares of Centuri by 39.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after acquiring an additional 1,927 shares during the period. MetLife Investment Management LLC boosted its position in shares of Centuri by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after acquiring an additional 4,645 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Centuri in the third quarter valued at about $162,000.

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.