Centuri Holdings, Inc. (NYSE:CTRI) Stock Now Rated “Hold” by Sell-Side Brokerages

by · The Cerbat Gem

Centuri Holdings, Inc. (NYSE:CTRI – Get Free Report) has been given a consensus rating of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $29.50.

CTRI has been the subject of several recent analyst reports. Weiss Ratings cut shares of Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Wells Fargo & Company dropped their price objective on Centuri from $37.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Cantor Fitzgerald upped their target price on Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Robert W. Baird decreased their target price on Centuri from $33.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday, September 29th. Finally, Bank of America decreased their target price on Centuri from $33.50 to $21.00 and set an “underperform” rating for the company in a research note on Friday, September 4th.

View Our Latest Stock Analysis on Centuri

Insider Transactions at Centuri

In other Centuri news, Director Dustin DeMaria purchased 5,200 shares of the business’s stock in a transaction on Friday, September 18th. The shares were purchased at an average cost of $19.27 per share, for a total transaction of $100,204.00. Following the acquisition, the director owned 12,936 shares of the company’s stock, valued at approximately $249,276.72. This represents a 67.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.33% of the company’s stock.

Institutional Trading of Centuri

Several hedge funds have recently modified their holdings of CTRI. Integrated Wealth Concepts LLC acquired a new position in shares of Centuri during the 2nd quarter valued at $33,000. KBC Group NV acquired a new stake in Centuri in the first quarter worth $67,000. Chicago Partners Investment Group LLC acquired a new stake in Centuri in the first quarter worth $183,000. Odyssean LLC acquired a new stake in Centuri in the second quarter worth $318,000. Finally, Group One Trading LLC increased its stake in Centuri by 4,144.4% in the first quarter. Group One Trading LLC now owns 11,842 shares of the company’s stock valued at $346,000 after purchasing an additional 11,563 shares in the last quarter.

Centuri Stock Performance

NYSE CTRI opened at $20.91 on Tuesday. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 67.44, a PEG ratio of 0.68 and a beta of 1.01. Centuri has a twelve month low of $19.03 and a twelve month high of $42.99. The stock has a fifty day simple moving average of $21.23 and a 200 day simple moving average of $27.29. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.81.

Centuri (NYSE:CTRI – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $959.53 million during the quarter, compared to analyst estimates of $835.99 million. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The company’s revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 EPS. Sell-side analysts expect that Centuri will post 0.62 EPS for the current year.

About Centuri

(Get Free Report)

Centuri Holdings, Inc (NYSE: CTRI) is an infrastructure services company that supports the development, maintenance and modernization of essential utility systems in the United States and Canada. Its customers primarily include natural gas and electric utilities, municipalities and other infrastructure owners.

The company provides construction and maintenance services for gas distribution networks, electric transmission and distribution systems, and other underground utility infrastructure.

Recommended Stories