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

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

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Barclays PLC lifted its stake in shares of Centuri by 410.4% during the 3rd quarter. Barclays PLC now owns 23,657 shares of the company's stock worth $382,000 after purchasing an additional 19,022 shares during the period. XTX Topco Ltd purchased a new position in shares of Centuri during the 3rd quarter worth $448,000. Zimmer Partners LP lifted its stake in shares of Centuri by 67.4% during the 3rd quarter. Zimmer Partners LP now owns 1,515,550 shares of the company's stock worth $24,476,000 after purchasing an additional 610,138 shares during the period. State Street Corp lifted its stake in shares of Centuri by 37.3% during the 3rd quarter. State Street Corp now owns 229,638 shares of the company's stock worth $3,709,000 after purchasing an additional 62,390 shares during the period. Finally, Needham Investment Management LLC lifted its stake in shares of Centuri by 44.8% during the 3rd quarter. Needham Investment Management LLC now owns 430,828 shares of the company's stock worth $6,958,000 after purchasing an additional 133,200 shares during the period.

Centuri Trading Up 0.8 %

Shares of CTRI traded up $0.18 on Friday, reaching $21.95. The stock had a trading volume of 302,652 shares, compared to its average volume of 218,324. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a 50-day moving average of $20.48 and a 200 day moving average of $18.57. Centuri has a twelve month low of $14.47 and a twelve 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.