Centuri Holdings, Inc. (NYSE:CTRI) Receives Consensus Rating of “Moderate Buy” from Analysts

Centuri Holdings, Inc. (NYSE:CTRI) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $18.40.

CTRI has been the subject of several recent analyst reports. Robert W. Baird increased their price target on Centuri from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Centuri from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTRI. BNP Paribas Financial Markets lifted 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 purchasing an additional 1,927 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Centuri by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 111,364 shares of the company’s stock valued at $1,799,000 after purchasing an additional 3,818 shares during the last quarter. MetLife Investment Management LLC boosted its position in Centuri by 129.1% in the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock valued at $133,000 after buying an additional 4,645 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Centuri during the third quarter worth $162,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Centuri during the third quarter worth $211,000.

Centuri Stock Down 3.0 %

Shares of Centuri stock opened at $19.76 on Tuesday. Centuri has a 1-year low of $14.47 and a 1-year high of $28.65. The firm’s 50-day moving average price is $20.12 and its two-hundred day moving average price is $19.06. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.70.

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.