Centuri Holdings, Inc. (NYSE:CTRI) Given Average Rating of “Moderate Buy” by Brokerages

Centuri Holdings, Inc. (NYSE:CTRI) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.80.

A number of research analysts have recently commented on CTRI shares. Robert W. Baird lifted their price objective on shares of Centuri from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on Centuri from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th.

Centuri Price Performance

NYSE:CTRI opened at $19.78 on Wednesday. Centuri has a 1-year low of $14.47 and a 1-year high of $28.65. The firm has a fifty day simple moving average of $21.00 and a 200 day simple moving average of $18.97. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Trading of Centuri

Several hedge funds and other institutional investors have recently modified their holdings of the stock. R Squared Ltd acquired a new stake in Centuri during the fourth quarter worth approximately $26,000. KLP Kapitalforvaltning AS bought a new stake in Centuri in the 4th quarter valued at $62,000. BNP Paribas Financial Markets grew its holdings in Centuri by 39.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,827 shares of the company’s stock valued at $110,000 after buying an additional 1,927 shares in the last quarter. MetLife Investment Management LLC increased its position in Centuri by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 8,243 shares of the company’s stock worth $133,000 after buying an additional 4,645 shares during the period. Finally, Centiva Capital LP acquired a new stake in shares of Centuri during the third quarter worth $162,000.

Centuri Company Profile

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.