Centuri Holdings, Inc. (NYSE:CTRI) Given Average Rating of "Moderate Buy" by Analysts

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.00.

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Robert W. Baird decreased their price target on Centuri from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th.

Centuri Price Performance

Shares of CTRI traded up $0.12 during trading hours on Friday, reaching $16.57. 568,146 shares of the company traded hands, compared to its average volume of 503,279. 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 stock has a market capitalization of $1.47 billion and a PE ratio of -0.07. Centuri has a fifty-two week low of $14.47 and a fifty-two week high of $28.65. The stock has a fifty day simple moving average of $20.25 and a 200 day simple moving average of $19.15.

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Institutional Trading of Centuri

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its holdings in shares of Centuri by 5.7% in the 4th quarter. Rhumbline Advisers now owns 18,485 shares of the company's stock worth $357,000 after purchasing an additional 1,000 shares during the period. Corebridge Financial Inc. raised its holdings in shares of Centuri by 15.7% in the 4th quarter. Corebridge Financial Inc. now owns 8,459 shares of the company's stock worth $163,000 after purchasing an additional 1,146 shares during the period. R Squared Ltd purchased a new position in shares of Centuri in the 4th quarter worth about $26,000. JPMorgan Chase & Co. raised its holdings in shares of Centuri by 11.6% in the 4th quarter. JPMorgan Chase & Co. now owns 12,850 shares of the company's stock worth $248,000 after purchasing an additional 1,335 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Centuri by 20.5% in the 4th quarter. MetLife Investment Management LLC now owns 9,933 shares of the company's stock worth $192,000 after purchasing an additional 1,690 shares during the period.

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.