Centuri Holdings, Inc. (NYSE:CTRI) Stock Has Consensus Price Target of $29.50

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $29.50.

Several research analysts have recently commented on CTRI shares. Cantor Fitzgerald lifted their price target on shares of Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Wells Fargo & Company dropped their price objective on shares of Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Bank of America cut their target price on shares of Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a report on Friday, September 4th. Weiss Ratings upgraded Centuri from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Finally, Robert W. Baird lowered their target price on Centuri from $33.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, September 29th.

Centuri Price Performance

CTRI opened at $20.88 on Tuesday. The company has a market capitalization of $2.11 billion, a P/E ratio of 67.35, a PEG ratio of 0.68 and a beta of 1.01. The company has a 50-day moving average of $21.37 and a 200-day moving average of $27.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. Centuri has a 1-year low of $19.03 and a 1-year high of $42.99.

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

Insider Transactions at Centuri

In related news, Director Dustin DeMaria acquired 5,200 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average cost of $19.27 per share, for a total transaction of $100,204.00. Following the purchase, the director directly owned 12,936 shares in the company, valued at $249,276.72. This represents a 67.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Centuri

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its position in Centuri by 0.7% during the 3rd quarter. Versant Capital Management Inc now owns 72,123 shares of the company’s stock worth $1,445,000 after acquiring an additional 510 shares during the period. State of Wyoming increased its holdings in shares of Centuri by 5.0% during the first quarter. State of Wyoming now owns 15,880 shares of the company’s stock valued at $464,000 after purchasing an additional 752 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Centuri during the second quarter valued at about $33,000. Corient Private Wealth LP raised its stake in shares of Centuri by 2.7% during the second quarter. Corient Private Wealth LP now owns 56,606 shares of the company’s stock valued at $1,712,000 after purchasing an additional 1,471 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Centuri by 17.1% in the first quarter. Pictet Asset Management Holding SA now owns 13,263 shares of the company’s stock worth $387,000 after purchasing an additional 1,937 shares during the period.

About Centuri

Centuri Holdings, Inc (NYSE: CTRI) is an infrastructure services company that supports the development, maintenance and modernization of essential utility systems in the United States and Canada. Its customers primarily include natural gas and electric utilities, municipalities and other infrastructure owners.

The company provides construction and maintenance services for gas distribution networks, electric transmission and distribution systems, and other underground utility infrastructure.