Brokerages Set Centuri Holdings, Inc. (NYSE:CTRI) Target Price at $37.80

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $37.80.

Several equities research analysts have issued reports on CTRI shares. Cantor Fitzgerald boosted their price objective on shares of Centuri from $37.40 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Wall Street Zen downgraded Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Centuri in a research note on Wednesday, June 24th. UBS Group upped their price target on Centuri from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Wells Fargo & Company increased their price objective on shares of Centuri from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, May 8th.

Centuri Stock Performance

Shares of NYSE:CTRI opened at $27.64 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.88 and a quick ratio of 1.88. Centuri has a 12 month low of $19.04 and a 12 month high of $42.99. The firm has a market capitalization of $2.79 billion, a PE ratio of 81.28, a P/E/G ratio of 0.91 and a beta of 1.06. The business has a 50-day moving average of $29.20 and a two-hundred day moving average of $30.15.

Centuri (NYSE:CTRI) last posted its earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. Centuri had a net margin of 0.98% and a return on equity of 5.64%. The firm had revenue of $688.69 million during the quarter, compared to the consensus estimate of $618.87 million. During the same quarter in the prior year, the company earned ($0.12) EPS. The company’s revenue was up 31.5% on a year-over-year basis. As a group, research analysts forecast that Centuri will post 0.61 earnings per share for the current year.

Hedge Funds Weigh In On Centuri

A number of hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its holdings in Centuri by 13,385.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after acquiring an additional 1,874 shares during the last quarter. KBC Group NV bought a new stake in shares of Centuri in the 1st quarter worth approximately $67,000. CWM LLC boosted its position in Centuri by 59.7% during the 4th quarter. CWM LLC now owns 4,045 shares of the company’s stock valued at $102,000 after purchasing an additional 1,512 shares during the period. Tower Research Capital LLC TRC boosted its position in Centuri by 121.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after purchasing an additional 3,037 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new position in Centuri during the 1st quarter worth $183,000.

About Centuri

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.