Centuri Holdings, Inc. (NYSE:CTRI) Receives $32.40 Consensus Price Target from Brokerages

Centuri Holdings, Inc. (NYSE:CTRI) has earned a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $32.60.

A number of research firms have issued reports on CTRI. Wells Fargo & Company cut their price target on Centuri from $37.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. UBS Group increased their price objective on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Cantor Fitzgerald raised their target price on Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird set a $33.00 target price on Centuri in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Centuri from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th.

Centuri Price Performance

Shares of NYSE:CTRI opened at $22.61 on Monday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.81. Centuri has a twelve month low of $19.04 and a twelve month high of $42.99. The stock’s 50 day moving average is $27.09 and its 200-day moving average is $29.78. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 72.92, a PEG ratio of 0.74 and a beta of 1.10.

Centuri (NYSE:CTRI) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $959.53 million for the quarter, compared to the consensus estimate of $835.99 million. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 earnings per share. Sell-side analysts forecast that Centuri will post 0.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTRI. State of Wyoming boosted its stake in shares of Centuri by 5.0% in the 1st quarter. State of Wyoming now owns 15,880 shares of the company’s stock worth $464,000 after buying an additional 752 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Centuri by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock valued at $329,000 after acquiring an additional 890 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in Centuri by 7.0% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 20,461 shares of the company’s stock worth $517,000 after acquiring an additional 1,337 shares during the period. Arizona State Retirement System lifted its holdings in Centuri by 5.9% during the fourth quarter. Arizona State Retirement System now owns 25,041 shares of the company’s stock worth $632,000 after acquiring an additional 1,400 shares during the period. Finally, CWM LLC boosted its position in Centuri by 59.7% in the fourth quarter. CWM LLC now owns 4,045 shares of the company’s stock worth $102,000 after purchasing an additional 1,512 shares during the last quarter.

Centuri Company Profile

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.