Analysts Set Centuri Holdings, Inc. (NYSE:CTRI) Target Price at $30.67

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, 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 target price among brokerages that have issued a report on the stock in the last year is $30.6667.

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

Hedge Funds Weigh In On Centuri

A number of hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in Centuri in the second quarter valued at $33,000. Caitong International Asset Management Co. Ltd lifted its holdings in Centuri by 13,385.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,888 shares of the company’s stock worth $40,000 after buying an additional 1,874 shares during the period. KBC Group NV acquired a new position in Centuri during the 1st quarter worth about $67,000. Tower Research Capital LLC TRC grew its position in shares of Centuri by 121.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,532 shares of the company’s stock valued at $124,000 after buying an additional 3,037 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Centuri in the 1st quarter valued at about $183,000.

Centuri Stock Down 0.1%

Shares of CTRI opened at $20.14 on Friday. Centuri has a 52 week low of $19.04 and a 52 week high of $42.99. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 64.98, a PEG ratio of 0.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a fifty day moving average of $23.90 and a 200-day moving average of $28.66.

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

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.