Centuri Holdings, Inc. (NYSE:CTRI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $18.80.

Several equities analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of Centuri from $19.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th.

Centuri Price Performance

NYSE CTRI traded up $0.03 during trading hours on Wednesday, hitting $20.78. 379,268 shares of the company's stock traded hands, compared to its average volume of 442,649. 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's 50-day moving average is $21.01 and its 200-day moving average is $18.93. Centuri has a 52-week low of $14.47 and a 52-week high of $28.65.

Hedge Funds Weigh In On Centuri

Several large investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in Centuri during the 4th quarter worth approximately $26,000. KLP Kapitalforvaltning AS acquired a new stake in Centuri during the 4th quarter worth approximately $62,000. BNP Paribas Financial Markets lifted its holdings in 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 buying an additional 1,927 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Centuri by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company's stock worth $133,000 after buying an additional 4,645 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in Centuri during the 3rd quarter worth approximately $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.