Canadian Utilities Limited (TSE:CU) Stock Has Average Price Target of C$53.14

Canadian Utilities Limited (TSE:CU) has received an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$54.71.

A number of research firms have issued reports on CU. Scotiabank increased their target price on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. TD Securities upgraded shares of Canadian Utilities from a “hold” rating to a “strong-buy” rating in a report on Wednesday. National Bank Financial boosted their price target on shares of Canadian Utilities from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a report on Thursday. Royal Bank Of Canada upped their price target on shares of Canadian Utilities from C$58.00 to C$63.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce cut their price objective on Canadian Utilities from C$55.00 to C$52.00 in a report on Tuesday, September 22nd.

Canadian Utilities Price Performance

TSE CU opened at C$49.23 on Friday. The company has a 50 day simple moving average of C$51.61 and a 200-day simple moving average of C$51.07. The company has a debt-to-equity ratio of 184.88, a current ratio of 1.80 and a quick ratio of 1.30. The firm has a market capitalization of C$13.41 billion, a price-to-earnings ratio of 307.69, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36. Canadian Utilities has a 52-week low of C$38.51 and a 52-week high of C$56.90.

Canadian Utilities (TSE:CU) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.51 EPS for the quarter. Canadian Utilities had a net margin of 3.30% and a return on equity of 1.88%. The business had revenue of C$914.00 million during the quarter. Equities research analysts predict that Canadian Utilities will post 2.41 earnings per share for the current fiscal year.

Canadian Utilities Company Profile

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.