Centuri (NYSE:CTRI) Price Target Raised to $21.00 at Robert W. Baird

Centuri (NYSE:CTRI) had its price objective lifted by stock analysts at Robert W. Baird from $19.00 to $21.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 3.04% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. downgraded Centuri from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $19.00 to $16.00 in a research note on Monday, October 7th. Bank of America cut their price target 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. UBS Group lowered Centuri from a “buy” rating to a “neutral” rating and cut their target price for the company from $30.00 to $17.00 in a report on Tuesday, July 30th. Finally, Wells Fargo & Company lowered their price objective on Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Centuri currently has an average rating of “Moderate Buy” and a consensus target price of $18.40.

Centuri Trading Down 5.9 %

CTRI stock opened at $20.38 on Thursday. The company has a 50 day moving average of $17.38 and a two-hundred day moving average of $20.29. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 1.94. Centuri has a 12-month low of $14.47 and a 12-month high of $28.65.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA acquired a new stake in Centuri during the second quarter worth about $33,619,000. Clearbridge Investments LLC bought a new stake in shares of Centuri in the 2nd quarter worth approximately $5,587,000. Point72 Asset Management L.P. acquired a new stake in shares of Centuri during the 2nd quarter worth approximately $4,339,000. Ghisallo Capital Management LLC bought a new stake in shares of Centuri during the second quarter valued at approximately $3,409,000. Finally, Maverick Capital Ltd. bought a new stake in shares of Centuri during the second quarter valued at approximately $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.