Brokerages Set Centuri Holdings, Inc. (NYSE:CTRI) PT at $30.67

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have received an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $30.6667.

CTRI has been the subject of a number of research reports. Weiss Ratings upgraded shares of Centuri from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Wall Street Zen lowered shares of Centuri from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Robert W. Baird set a $33.00 price objective on Centuri in a report on Wednesday, August 5th. Cantor Fitzgerald boosted their target price on shares of Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Finally, Bank of America lowered their price target on Centuri from $33.50 to $21.00 and set an “underperform” rating for the company in a research report on Friday, September 4th.

Centuri Stock Performance

Shares of CTRI opened at $19.12 on Friday. Centuri has a 52-week low of $19.03 and a 52-week high of $42.99. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.93 billion, a PE ratio of 61.69, a P/E/G ratio of 0.62 and a beta of 1.01. The company has a 50-day simple moving average of $23.30 and a 200-day simple moving average of $28.33.

Centuri (NYSE:CTRI) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The business had revenue of $959.53 million for the quarter, compared to analyst estimates of $835.99 million. Centuri had a return on equity of 5.85% and a net margin of 0.86%.The company’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 EPS. Equities research analysts predict that Centuri will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Centuri

Large investors have recently modified their holdings of the stock. William Blair Investment Management LLC purchased a new position in shares of Centuri in the fourth quarter valued at $20,233,000. Assenagon Asset Management S.A. purchased a new stake in Centuri during the 2nd quarter worth $23,153,000. Empyrean Capital Partners LP purchased a new stake in Centuri during the 4th quarter worth $14,594,000. Verbena Value LP lifted its holdings in Centuri by 31.3% in the 1st quarter. Verbena Value LP now owns 1,771,457 shares of the company’s stock worth $51,744,000 after buying an additional 422,593 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Centuri by 46.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 890,022 shares of the company’s stock worth $25,998,000 after buying an additional 281,264 shares in the last quarter.

About Centuri

Centuri Group, Inc is a North American utility infrastructure services company that supports the construction, maintenance and modernization of energy networks. The company primarily serves natural gas and electric utilities, providing services across the infrastructure life cycle, from initial engineering and installation to repair, replacement and ongoing maintenance.

Its capabilities include gas distribution construction, electric transmission and distribution work, pipeline integrity services, underground utility installation, emergency response and related engineering and field services.