Canadian Utilities (TSE:CU) Price Target Raised to C$43.00

Canadian Utilities (TSE:CU) had its target price lifted by National Bankshares from C$40.00 to C$43.00 in a report published on Wednesday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other analysts also recently issued reports on CU. BMO Capital Markets lifted their price objective on shares of Canadian Utilities from C$42.00 to C$44.00 in a report on Monday, November 10th. TD Securities lifted their price target on Canadian Utilities from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Scotiabank upped their price objective on Canadian Utilities from C$40.00 to C$43.00 in a report on Tuesday. Finally, CIBC raised their price objective on Canadian Utilities from C$43.00 to C$44.00 in a report on Wednesday. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$42.67.

Canadian Utilities Stock Down 1.0%

CU stock opened at C$41.84 on Wednesday. The company’s 50 day moving average is C$41.06 and its 200 day moving average is C$39.17. The stock has a market cap of C$11.38 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.38 and a beta of 0.50. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. Canadian Utilities has a 1-year low of C$33.19 and a 1-year high of C$42.95.

Canadian Utilities (TSE:CU) last announced its earnings results on Friday, November 7th. The company reported C$0.40 earnings per share (EPS) for the quarter. Canadian Utilities had a net margin of 13.41% and a return on equity of 7.21%. The business had revenue of C$792.00 million during the quarter. Sell-side analysts predict that Canadian Utilities will post 2.4063556 EPS 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.