Centuri (NYSE:CTRI) Price Target Lowered to $22.00 at Robert W. Baird

Centuri (NYSE:CTRI - Free Report) had its price objective decreased by Robert W. Baird from $23.00 to $22.00 in a research note issued to investors on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Separately, JPMorgan Chase & Co. increased their target price on Centuri from $17.00 to $19.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.00.

Centuri Stock Down 7.4 %

Shares of CTRI traded down $1.29 during mid-day trading on Thursday, hitting $16.06. The company's stock had a trading volume of 491,727 shares, compared to its average volume of 399,643. The firm has a market capitalization of $1.42 billion and a price-to-earnings ratio of -0.07. The company's 50-day moving average is $20.62 and its 200-day moving average is $19.16. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.70. Centuri has a 52-week low of $14.47 and a 52-week high of $28.65.

Hedge Funds Weigh In On Centuri

A number of large investors have recently made changes to their positions in the business. FMR LLC boosted its position in shares of Centuri by 96.3% in the 4th quarter. FMR LLC now owns 8,226,974 shares of the company's stock worth $158,863,000 after purchasing an additional 4,036,639 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Centuri by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 1,667,944 shares of the company's stock worth $32,208,000 after acquiring an additional 8,326 shares in the last quarter. Zimmer Partners LP grew its stake in shares of 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 acquiring an additional 610,138 shares during the last quarter. Carronade Capital Management LP increased its holdings in shares of Centuri by 2.3% during the fourth quarter. Carronade Capital Management LP now owns 1,224,534 shares of the company's stock valued at $23,646,000 after acquiring an additional 27,743 shares in the last quarter. Finally, Needham Investment Management LLC increased its holdings in shares of Centuri by 3.9% during the fourth quarter. Needham Investment Management LLC now owns 447,628 shares of the company's stock valued at $8,644,000 after acquiring an additional 16,800 shares in the last quarter.

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.