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

Centuri Holdings, Inc. (NYSE:CTRI) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.60.

Several equities research analysts have commented on CTRI shares. Wells Fargo & Company lowered their target price on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. UBS Group lowered shares of Centuri from a “buy” rating to a “neutral” rating and cut their price target for the company from $30.00 to $17.00 in a research note on Tuesday, July 30th. Bank of America lowered their price objective on shares of Centuri from $21.00 to $15.00 and set an “underperform” rating for the company in a research report on Tuesday, July 30th. JPMorgan Chase & Co. cut their price objective on shares of Centuri from $28.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Finally, KeyCorp initiated coverage on Centuri in a report on Thursday, June 27th. They set a “sector weight” rating for the company.

Insider Transactions at Centuri

In related news, Director William Fehrman bought 20,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average price of $16.50 per share, with a total value of $330,000.00. Following the completion of the transaction, the director now owns 45,000 shares in the company, valued at $742,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Centuri

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA bought a new position in shares of Centuri in the 2nd quarter valued at about $33,619,000. Clearbridge Investments LLC acquired a new stake in shares of Centuri in the second quarter valued at approximately $5,587,000. Point72 Asset Management L.P. bought a new position in shares of Centuri during the 2nd quarter worth approximately $4,339,000. Ghisallo Capital Management LLC acquired a new position in shares of Centuri during the 2nd quarter worth approximately $3,409,000. Finally, Maverick Capital Ltd. bought a new position in shares of Centuri in the second quarter valued at about $2,922,000.

Centuri Trading Down 0.6 %

Shares of NYSE:CTRI opened at $16.62 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.94. The business’s 50 day simple moving average is $17.19. Centuri has a one year low of $14.47 and a one year high of $28.65.

Centuri (NYSE:CTRI) last issued its earnings results on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $672.08 million for the quarter, compared to the consensus estimate of $760.55 million. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. Research analysts forecast that Centuri will post 0.43 EPS for the current fiscal year.

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.