Centuri Holdings, Inc. (NYSE:CTRI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.40.

A number of research firms recently weighed in on CTRI. Robert W. Baird raised their price target on shares of Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on shares of Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th.

Institutional Trading of Centuri

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its position in shares of Centuri by 39.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock valued at $110,000 after acquiring an additional 1,927 shares during the period. MetLife Investment Management LLC grew its holdings in Centuri by 129.1% during the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after purchasing an additional 4,645 shares during the period. Centiva Capital LP purchased a new stake in Centuri in the third quarter worth $162,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Centuri in the third quarter worth $211,000. Finally, Rhumbline Advisers bought a new stake in shares of Centuri in the second quarter valued at $300,000.

Centuri Price Performance

Shares of NYSE:CTRI opened at $21.95 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. The stock’s fifty day simple moving average is $20.48 and its two-hundred day simple moving average is $18.58. Centuri has a 1-year low of $14.47 and a 1-year high of $28.65.

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.