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

Centuri Holdings, Inc. (NYSE:CTRI) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.80.

A number of analysts have commented on CTRI shares. JPMorgan Chase & Co. increased their price target on shares of Centuri from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Robert W. Baird increased their price target on shares of Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Centuri Stock Performance

Shares of CTRI opened at $21.67 on Wednesday. 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 firm has a fifty day simple moving average of $21.01 and a 200 day simple moving average of $18.83. Centuri has a 12 month low of $14.47 and a 12 month high of $28.65.

Hedge Funds Weigh In On Centuri

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in Centuri by 5.7% during the fourth quarter. Rhumbline Advisers now owns 18,485 shares of the company’s stock worth $357,000 after acquiring an additional 1,000 shares during the period. Corebridge Financial Inc. increased its position in Centuri by 15.7% during the fourth quarter. Corebridge Financial Inc. now owns 8,459 shares of the company’s stock worth $163,000 after acquiring an additional 1,146 shares during the period. R Squared Ltd bought a new position in Centuri during the fourth quarter worth about $26,000. BNP Paribas Financial Markets increased its position in Centuri by 39.3% during the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after acquiring an additional 1,927 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Centuri during the fourth quarter worth about $62,000.

Centuri Company Profile

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.