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

Shares of Centuri Holdings, Inc. (NYSE:CTRI - Get Free Report) have been given an average rating of "Moderate Buy" by the eight brokerages that are presently covering the company, Marketbeat.com reports. Two investment 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $20.00.

Several equities analysts have recently issued reports on CTRI shares. UBS Group cut 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 research note on Tuesday, July 30th. Bank of America dropped their price target on Centuri from $21.00 to $15.00 and set an "underperform" rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lowered Centuri from a "neutral" rating to an "underweight" rating and dropped their price target for the company from $19.00 to $16.00 in a research report on Monday, October 7th. Finally, Wells Fargo & Company dropped their target price on Centuri from $29.00 to $22.00 and set an "overweight" rating on the stock in a report on Tuesday, July 30th.

Centuri Price Performance

Shares of CTRI traded down $0.05 during mid-day trading on Monday, hitting $18.95. 502,015 shares of the company's stock traded hands, compared to its average volume of 505,026. 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. The business has a 50-day simple moving average of $17.09.

Institutional Trading of Centuri

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc bought a new position in shares of Centuri in the third quarter worth about $1,153,000. Ghisallo Capital Management LLC bought a new position in shares of Centuri in the second quarter worth about $3,409,000. Clearbridge Investments LLC bought a new position in shares of Centuri in the second quarter worth about $5,587,000. Point72 Asset Management L.P. bought a new position in shares of Centuri in the second quarter worth about $4,339,000. Finally, Maverick Capital Ltd. bought a new position in shares of Centuri in the second quarter worth about $2,922,000.

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.