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

Shares of Centuri Holdings, Inc. (NYSE:CTRI) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $20.00.

CTRI has been the topic of several analyst reports. Wells Fargo & Company cut their price target on shares of Centuri from $29.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. KeyCorp started coverage on Centuri in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. JPMorgan Chase & Co. lowered shares of Centuri from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $19.00 to $16.00 in a research note on Monday, October 7th. Bank of America reduced their price target on shares of Centuri from $21.00 to $15.00 and set an “underperform” rating on the stock in a research note on Tuesday, July 30th. Finally, UBS Group cut shares of Centuri from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $30.00 to $17.00 in a research report on Tuesday, July 30th.

Insider Buying and Selling at Centuri

In related news, Director William Fehrman acquired 20,000 shares of the stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average cost of $16.50 per share, for a total transaction of $330,000.00. Following the completion of the purchase, the director now owns 45,000 shares of the company’s stock, valued at approximately $742,500. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Centuri

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in Centuri in the 2nd quarter worth $2,757,000. Rhumbline Advisers purchased a new stake in shares of Centuri during the second quarter worth about $300,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Centuri during the 2nd quarter worth about $33,619,000. Gabelli Funds LLC purchased a new position in Centuri in the 2nd quarter valued at about $880,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in Centuri in the 2nd quarter worth about $1,500,000.

Centuri Trading Down 2.5 %

CTRI opened at $17.61 on Thursday. Centuri has a 1-year low of $14.47 and a 1-year high of $28.65. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a 50 day moving average price of $16.33.

Centuri (NYSE:CTRI) last posted its earnings results on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $672.08 million for the quarter, compared to analysts’ expectations of $760.55 million. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities research analysts expect that Centuri will post 0.43 EPS for the current 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.