Canadian Utilities (TSE:CU) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Canadian Utilities Limited (TSE:CU)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$45.50 and traded as high as C$50.28. Canadian Utilities shares last traded at C$49.99, with a volume of 214,762 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CU shares. TD upped their price target on Canadian Utilities from C$47.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. TD Securities upped their price target on Canadian Utilities from C$41.00 to C$47.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. National Bank Financial increased their price objective on Canadian Utilities from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce increased their price objective on Canadian Utilities from C$47.00 to C$51.00 in a report on Monday, April 20th. Finally, Royal Bank Of Canada increased their price objective on Canadian Utilities from C$49.00 to C$50.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$47.00.

Canadian Utilities Trading Down 0.2%

The company has a market cap of C$13.61 billion, a price-to-earnings ratio of 499.90, a P/E/G ratio of 2.38 and a beta of 0.60. The company has a debt-to-equity ratio of 186.03, a quick ratio of 1.30 and a current ratio of 1.32. The firm has a fifty day moving average price of C$48.77 and a 200 day moving average price of C$45.50.

Canadian Utilities (TSE:CU) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.89 EPS for the quarter. The company had revenue of C$1.08 billion during the quarter. Canadian Utilities had a return on equity of 1.59% and a net margin of 2.90%. As a group, equities analysts predict that Canadian Utilities Limited will post 2.4063556 EPS for the current fiscal year.

About Canadian Utilities

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.