Centuri Holdings, Inc. (NYSE:CTRI) Stock Has Average Price Target of $28.17 According to Analysts

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have received an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $28.17.

Several brokerages recently issued reports on CTRI. Weiss Ratings lowered Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered shares of Centuri from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Wells Fargo & Company decreased their price objective on Centuri from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 27th. Cantor Fitzgerald upped their price target on Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, JPMorgan Chase & Co. decreased their price target on Centuri from $23.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, October 19th.

Insider Transactions at Centuri

In other Centuri news, Director Dustin DeMaria bought 5,200 shares of Centuri stock in a transaction dated Friday, September 18th. The shares were bought at an average price of $19.27 per share, with a total value of $100,204.00. Following the purchase, the director owned 12,936 shares of the company’s stock, valued at $249,276.72. This trade represents a 67.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Centuri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRI. Reinhart Partners LLC. bought a new position in shares of Centuri during the third quarter worth about $76,741,000. Assenagon Asset Management S.A. acquired a new stake in Centuri in the 2nd quarter valued at approximately $23,153,000. Verbena Value LP lifted its stake in Centuri by 31.3% in the 1st quarter. Verbena Value LP now owns 1,771,457 shares of the company’s stock valued at $51,744,000 after acquiring an additional 422,593 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Centuri by 46.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock valued at $25,998,000 after acquiring an additional 281,264 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Centuri in the 2nd quarter valued at approximately $7,827,000.

Centuri Price Performance

NYSE CTRI opened at $21.33 on Friday. Centuri has a fifty-two week low of $18.60 and a fifty-two week high of $42.99. The stock’s 50-day moving average is $20.36 and its two-hundred day moving average is $27.24. The firm has a market cap of $2.15 billion, a P/E ratio of 41.96, a price-to-earnings-growth ratio of 0.69 and a beta of 1.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.82 and a quick ratio of 1.82.

Centuri (NYSE:CTRI) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. The company had revenue of $959.53 million during the quarter, compared to the consensus estimate of $835.99 million. Centuri had a return on equity of 5.85% and a net margin of 0.86%. The firm’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 EPS. On average, analysts anticipate that Centuri will post 0.61 earnings per share for the current fiscal year.

About Centuri

Centuri Holdings, Inc is a strategic infrastructure services company that supports the development, maintenance and modernization of energy and utility systems. The company provides construction and related services for natural gas and electric distribution infrastructure, including pipelines, utility networks and other assets used to deliver energy to homes, businesses and communities.

Centuri also serves customers in areas such as electric transmission, renewable energy and broader utility infrastructure.