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

Centuri Holdings, Inc. (NYSE:CTRI) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $19.00.

CTRI has been the topic of several research analyst reports. Robert W. Baird reduced their price target 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. Wells Fargo & Company increased their price target 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.

Hedge Funds Weigh In On Centuri

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

Centuri Stock Performance

Shares of CTRI stock opened at $22.24 on Tuesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.64 and a current ratio of 1.64. Centuri has a one year low of $14.46 and a one year high of $26.84. The company’s 50-day simple moving average is $19.48 and its 200-day simple moving average is $19.41. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 1,111.95, a PEG ratio of 10.61 and a beta of 1.06.

Centuri (NYSE:CTRI) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.02. Centuri had a negative net margin of 8.90% and a negative return on equity of 55.33%. The business had revenue of $550.08 million for the quarter, compared to analysts’ expectations of $534.41 million. The business’s revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Centuri will post 0.25 earnings per share for the current fiscal year.

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.