Centuri Holdings

CTRI · NYSE

$20.03−$0.48 (−2.34%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $20.51

CTRI analyst rating

HoldConsensus of 9 analysts over the last 12 months. 56% rate it a buy.

Strong buy0
Buy5
Hold1
Underperform3
Sell0

12-month price target · 9 analysts

Average $29.92 (+49.4% upside)

Low: $21.21
Now: $20.03
High: $37.80

Upgrades and downgrades

The latest rating actions, newest first

CTRI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 19, 2026	Maintains	Underweight	$23.00 → $22.00	48%
Baird	Sep 29, 2026	Maintains	Outperform	$33.00 → $26.00	54%
B of A Securities	Sep 4, 2026	Maintains	Underperform	$33.50 → $21.00	56%
Cantor Fitzgerald	Aug 19, 2026	Maintains	Overweight	$35.00 → $36.00	12%
Wells Fargo	Aug 5, 2026	Maintains	Overweight	$37.00 → $29.00	0%
Cantor Fitzgerald	Aug 5, 2026	Maintains	Overweight	$46.00 → $35.00	12%
UBS	May 11, 2026	Maintains	Neutral	$33.00 → $36.00	57%
Cantor Fitzgerald	May 11, 2026	Maintains	Overweight	$37.40 → $46.00	12%
JP Morgan	May 8, 2026	Maintains	Underweight	$26.00 → $29.00	48%
Wells Fargo	May 8, 2026	Maintains	Overweight	$32.00 → $37.00	51%

The case for and against

Updated Oct 14, 2026

Bull case

Centuri Holdings is viewed favorably because its revenue visibility is strengthening into 2027, with management expecting about $3.6-3.7bn of coverage exiting 2026 and bookings tracking toward $4.4-4.6bn, while the latest $475mn award added meaningful new project and MSA content. The core bullish case centers on U.S. Gas inflecting from a winter drag to a margin contributor, with 1Q27 revenue potentially near $380mn and $4-5mn of gross profit versus a loss in 1Q26, supported by better labor coverage, earlier planning, and productivity gains. That improving operating cadence, along with expected FY26 free cash flow above $75mn, leverage near 2x by YE26, and higher gross profit assumptions in electric, suggests the company can expand margins without taking on riskier work.

Bear case

Centuri Holdings is facing a skeptical outlook because reported flow-through has been diluted by higher rental and leasing costs, with about $22 million of incremental expense in 2Q and $37 million in 1H, plus a $12 million FY26 fuel headwind and rising mileage activity. Management is also leaning on a higher-cost fleet mix in 2026 versus its long-term 50/50 framework, while G&A still includes roughly $7 million of new stock compensation and $10 million of strategic or transaction-related costs, limiting near-term margin clarity. Although 1Q revenue grew 31.5% to about $723 million and Adj. EBITDA rose 34.4% to $32.5 million, the investment case still depends on proving backlog quality, labor availability, and conversion into stronger 2027 earnings and free cash flow.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.