Brokerages Set Centuri Holdings, Inc. (NYSE:CTRI) Target Price at $20.00

Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight ratings firms that are covering the company, Marketbeat Ratings 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 12-month price target among brokers that have issued a report on the stock in the last year is $20.00.

Several analysts recently weighed in on CTRI shares. UBS Group cut shares of Centuri from a "buy" rating to a "neutral" rating and reduced their target price for the company from $30.00 to $17.00 in a report on Tuesday, July 30th. Wells Fargo & Company reduced their target price on shares of Centuri from $29.00 to $22.00 and set an "overweight" rating on the stock in a report on Tuesday, July 30th. KeyCorp started coverage on shares of Centuri in a report on Thursday, June 27th. They issued a "sector weight" rating on the stock. Bank of America reduced their target price on shares of Centuri from $21.00 to $15.00 and set an "underperform" rating on the stock in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. cut shares of Centuri from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $19.00 to $16.00 in a report on Monday.

Insiders Place Their Bets

In other Centuri news, Director William Fehrman bought 20,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average cost of $16.50 per share, for a total transaction of $330,000.00. Following the completion of the transaction, the director now owns 45,000 shares in the company, valued at approximately $742,500. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Centuri

A number of hedge funds have recently modified their holdings of CTRI. Rhumbline Advisers purchased a new position in Centuri in the 2nd quarter valued at $300,000. Sandia Investment Management LP purchased a new position in Centuri in the 2nd quarter valued at $466,000. Point72 DIFC Ltd purchased a new position in Centuri in the 2nd quarter valued at $657,000. Gabelli Funds LLC purchased a new position in Centuri in the 2nd quarter valued at $880,000. Finally, Versant Capital Management Inc purchased a new position in Centuri in the 3rd quarter valued at $1,153,000.

Centuri Trading Up 2.3 %

Shares of NYSE CTRI traded up $0.39 during midday trading on Thursday, hitting $17.33. The company's stock had a trading volume of 890,149 shares, compared to its average volume of 517,233. The company's fifty day moving average price is $16.29. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.05 and a current ratio of 2.05. Centuri has a 1 year low of $14.47 and a 1 year high of $28.65.

Centuri (NYSE:CTRI - Get Free Report) last issued its earnings results on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $672.08 million during the quarter, compared to analyst estimates of $760.55 million. The firm's revenue for the quarter was down 16.6% compared to the same quarter last year. Equities research analysts anticipate that Centuri will post 0.43 EPS for the current fiscal year.

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.