Centuri Holdings, Inc. (NYSE:CTRI) Receives $20.00 Average PT from Analysts

Centuri Holdings, Inc. (NYSE:CTRI) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $20.00.

A number of research analysts have weighed in on CTRI shares. Wells Fargo & Company decreased their target price on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. KeyCorp started coverage on Centuri in a research note on Thursday, June 27th. They set a “sector weight” rating on the stock. UBS Group cut Centuri from a “buy” rating to a “neutral” rating and dropped their target price for the company from $30.00 to $17.00 in a report on Tuesday, July 30th. Bank of America reduced their price target on 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. lowered shares of Centuri from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $19.00 to $16.00 in a report on Monday, October 7th.

Centuri Price Performance

NYSE CTRI opened at $18.60 on Thursday. The company has a fifty day moving average price of $16.43. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.05 and a quick ratio of 2.05. Centuri has a one year low of $14.47 and a one year high of $28.65.

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

Insider Transactions at Centuri

In related news, Director William Fehrman acquired 20,000 shares of Centuri stock in a transaction that occurred on Wednesday, July 31st. The shares were purchased at an average cost of $16.50 per share, for a total transaction of $330,000.00. Following the acquisition, the director now owns 45,000 shares in the company, valued at approximately $742,500. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Trading of Centuri

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers purchased a new position in shares of Centuri during the second quarter worth $300,000. Sandia Investment Management LP acquired a new position in Centuri during the 2nd quarter worth about $466,000. Point72 DIFC Ltd purchased a new position in Centuri during the 2nd quarter valued at about $657,000. Gabelli Funds LLC acquired a new position in Centuri in the 2nd quarter valued at about $880,000. Finally, Versant Capital Management Inc purchased a new stake in Centuri during the third quarter worth about $1,153,000.

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.