Centuri Holdings, Inc. (NYSE:CTRI) Receives $18.40 Consensus Target Price from Brokerages

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.40.

A number of analysts have recently weighed in on CTRI shares. JPMorgan Chase & Co. upped their price target on shares of 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 increased their price target on Centuri from $19.00 to $21.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th.

Institutional Investors Weigh In On Centuri

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of Centuri in the 2nd quarter valued at $2,757,000. Rhumbline Advisers acquired a new stake in shares of Centuri in the second quarter worth about $300,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Centuri during the 2nd quarter worth about $33,619,000. Gabelli Funds LLC acquired a new position in shares of Centuri during the 2nd quarter valued at about $880,000. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Centuri in the 2nd quarter valued at approximately $1,500,000.

Centuri Stock Performance

CTRI remained flat at $20.20 on Tuesday. 63,347 shares of the company were exchanged, compared to its average volume of 490,430. 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 firm has a 50 day moving average of $19.99 and a two-hundred day moving average of $19.13. Centuri has a 12-month low of $14.47 and a 12-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.