Centuri (NYSE:CTRI) Price Target Lowered to $22.00 at Robert W. Baird

Centuri (NYSE:CTRI) had its target price cut by Robert W. Baird from $23.00 to $22.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 26.04% from the stock’s current price.

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Centuri from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Centuri Stock Performance

NYSE CTRI opened at $17.46 on Thursday. The company has a fifty day simple moving average of $20.74 and a 200 day simple moving average of $19.12. Centuri has a 12-month low of $14.47 and a 12-month high of $28.65. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. R Squared Ltd purchased a new position in shares of Centuri during the fourth quarter worth about $26,000. KLP Kapitalforvaltning AS purchased a new stake in Centuri in the fourth quarter worth approximately $62,000. BNP Paribas Financial Markets boosted its stake in Centuri by 39.3% in the third quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock worth $110,000 after buying an additional 1,927 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Centuri by 129.1% in the third quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock worth $133,000 after buying an additional 4,645 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in Centuri in the third quarter worth approximately $162,000.

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.