Centuri Holdings, Inc. (NYSE:CTRI) Receives Average Recommendation of “Hold” from Analysts

by · The Cerbat Gem

Shares of Centuri Holdings, Inc. (NYSE:CTRI – Get Free Report) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $19.00.

Several research firms have weighed in on CTRI. Wells Fargo & Company boosted their target price on shares of Centuri from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Robert W. Baird dropped their target price on shares of Centuri from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th.

Read Our Latest Research Report on CTRI

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Centuri by 96.3% during the fourth quarter. FMR LLC now owns 8,226,974 shares of the company’s stock worth $158,863,000 after purchasing an additional 4,036,639 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Centuri by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 1,667,944 shares of the company’s stock worth $32,208,000 after purchasing an additional 8,326 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Centuri by 13,573.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,316,039 shares of the company’s stock worth $21,570,000 after purchasing an additional 1,306,414 shares during the last quarter. Carronade Capital Management LP raised its holdings in shares of Centuri by 2.3% during the fourth quarter. Carronade Capital Management LP now owns 1,224,534 shares of the company’s stock worth $23,646,000 after purchasing an additional 27,743 shares during the last quarter. Finally, Needham Investment Management LLC raised its holdings in shares of Centuri by 3.9% during the fourth quarter. Needham Investment Management LLC now owns 447,628 shares of the company’s stock worth $8,644,000 after purchasing an additional 16,800 shares during the last quarter.

Centuri Trading Down 1.6%

NYSE CTRI opened at $20.42 on Tuesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 1,021.61, a price-to-earnings-growth ratio of 1.12 and a beta of 1.06. The company’s 50-day simple moving average is $19.74 and its two-hundred day simple moving average is $19.42. Centuri has a one year low of $14.46 and a one year high of $26.14.

Centuri (NYSE:CTRI – Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. Centuri had a net margin of 0.02% and a return on equity of 5.16%. The firm had revenue of $550.08 million for the quarter, compared to the consensus estimate of $534.41 million. The business’s revenue was up 4.2% on a year-over-year basis. Equities analysts forecast that Centuri will post 0.25 EPS for the current fiscal year.

Centuri Company Profile

(Get Free Report

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.

Featured Stories