Centuri Holdings, Inc. (NYSE:CTRI) Given Consensus Rating of “Hold” by Brokerages

Centuri Holdings, Inc. (NYSE:CTRI) has been given an average recommendation of “Hold” by the five analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $37.80.

Several equities analysts have issued reports on CTRI shares. JPMorgan Chase & Co. boosted their price target on Centuri from $26.00 to $29.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Centuri in a report on Friday, March 27th. Wall Street Zen upgraded Centuri from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Robert W. Baird set a $41.00 price objective on Centuri in a report on Friday, May 8th. Finally, Cantor Fitzgerald boosted their price objective on Centuri from $37.40 to $46.00 and gave the company an “overweight” rating in a report on Monday.

Institutional Investors Weigh In On Centuri

Several hedge funds and other institutional investors have recently modified their holdings of CTRI. Goldman Sachs Group Inc. increased its holdings in shares of Centuri by 164.9% during the first quarter. Goldman Sachs Group Inc. now owns 153,549 shares of the company’s stock valued at $2,517,000 after acquiring an additional 95,585 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Centuri by 6.5% during the second quarter. JPMorgan Chase & Co. now owns 14,673 shares of the company’s stock valued at $329,000 after acquiring an additional 890 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Centuri by 126.8% during the second quarter. Legal & General Group Plc now owns 29,723 shares of the company’s stock valued at $667,000 after acquiring an additional 16,618 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Centuri by 10.1% during the second quarter. Rhumbline Advisers now owns 24,188 shares of the company’s stock valued at $543,000 after acquiring an additional 2,228 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Centuri by 51.4% during the second quarter. American Century Companies Inc. now owns 47,447 shares of the company’s stock worth $1,065,000 after buying an additional 16,115 shares in the last quarter.

Centuri Price Performance

Shares of CTRI opened at $32.09 on Friday. Centuri has a 52-week low of $17.97 and a 52-week high of $42.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 1.88. The business’s 50 day moving average price is $32.04 and its two-hundred day moving average price is $27.96. The firm has a market cap of $3.24 billion, a PE ratio of 94.37, a price-to-earnings-growth ratio of 1.08 and a beta of 1.34.

Centuri (NYSE:CTRI) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. Centuri had a return on equity of 5.64% and a net margin of 0.98%.The firm had revenue of $688.69 million for the quarter, compared to analyst estimates of $618.87 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. The company’s revenue was up 31.5% compared to the same quarter last year. On average, equities analysts anticipate that Centuri will post 0.59 EPS for the current year.

About Centuri

Centuri Construction Group, Inc (NYSE: CTRI) is a heavy civil contractor specializing in water and wastewater infrastructure projects. The company delivers end-to-end services encompassing design-build, engineering, procurement and construction for water transmission mains, wastewater force mains, treatment facilities, pump and lift stations, and stormwater management systems.

Centuri’s core offerings include pipeline installation and rehabilitation, civil sitework, earthwork, structural concrete and slope protection.