Centuri Holdings, Inc. (NYSE:CTRI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $19.00.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CTRI. FMR LLC increased its stake in Centuri by 96.3% in the fourth quarter. FMR LLC now owns 8,226,974 shares of the company's stock valued at $158,863,000 after purchasing an additional 4,036,639 shares in the last quarter. Zimmer Partners LP grew its holdings in Centuri by 67.4% during the third quarter. Zimmer Partners LP now owns 1,515,550 shares of the company's stock worth $24,476,000 after buying an additional 610,138 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Centuri in the 4th quarter worth $2,609,000. State Street Corp increased its stake in Centuri by 37.3% in the 3rd quarter. State Street Corp now owns 229,638 shares of the company's stock valued at $3,709,000 after buying an additional 62,390 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Centuri during the fourth quarter valued at approximately $888,000.

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Centuri Price Performance

Shares of NYSE CTRI traded up $0.06 during midday trading on Thursday, reaching $15.83. The company's stock had a trading volume of 319,261 shares, compared to its average volume of 494,902. The business's 50 day moving average price is $18.40 and its two-hundred day moving average price is $19.12. The company has a market cap of $1.40 billion and a P/E ratio of -0.07. 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 fifty-two week low of $10.90 and a fifty-two week 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.