Centuri Holdings, Inc. (NYSE:CTRI) Receives $28.60 Consensus Price Target from Analysts

Centuri Holdings, Inc. (NYSE:CTRIGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $28.60.

A number of research firms recently commented on CTRI. Baird R W raised Centuri to a “strong-buy” rating in a research report on Monday, May 13th. KeyCorp initiated coverage on Centuri in a research report on Monday, May 13th. They set a “sector weight” rating for the company. Bank of America initiated coverage on Centuri in a research report on Monday, May 13th. They set a “neutral” rating and a $26.00 target price for the company. UBS Group began coverage on Centuri in a research report on Monday, May 13th. They set a “buy” rating and a $30.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on Centuri in a report on Monday, May 13th. They issued a “neutral” rating and a $28.00 price objective for the company.

Get Our Latest Analysis on Centuri

Centuri Price Performance

NYSE:CTRI opened at $26.38 on Friday. Centuri has a fifty-two week low of $22.90 and a fifty-two week high of $28.65.

Centuri (NYSE:CTRIGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($137.53) earnings per share (EPS) for the quarter. The business had revenue of $528.02 million during the quarter. Equities analysts expect that Centuri will post 0.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Julie Dill bought 5,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was acquired at an average price of $21.00 per share, for a total transaction of $105,000.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $105,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Centuri news, Director Julie Dill purchased 5,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was purchased at an average price of $21.00 per share, for a total transaction of $105,000.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $105,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Fehrman purchased 25,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were acquired at an average price of $21.00 per share, with a total value of $525,000.00. Following the transaction, the chief executive officer now owns 25,000 shares in the company, valued at approximately $525,000. The disclosure for this purchase can be found here. Insiders purchased a total of 35,250 shares of company stock worth $740,250 in the last quarter.

About Centuri

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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.

Further Reading

Analyst Recommendations for Centuri (NYSE:CTRI)

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