Canadian Utilities (TSE:CU) Reaches New 1-Year High – Here’s What Happened

Canadian Utilities Limited (TSE:CU)’s share price hit a new 52-week high on Thursday . The company traded as high as C$42.63 and last traded at C$42.57, with a volume of 697250 shares changing hands. The stock had previously closed at C$41.96.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CU. BMO Capital Markets boosted their price target on Canadian Utilities from C$42.00 to C$44.00 in a research report on Monday. TD Securities lifted their price objective on Canadian Utilities from C$40.00 to C$41.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, CIBC boosted their target price on Canadian Utilities from C$42.00 to C$43.00 in a report on Monday. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Canadian Utilities currently has an average rating of “Hold” and an average target price of C$41.40.

Canadian Utilities Trading Up 1.5%

The firm has a fifty day moving average of C$39.06 and a 200-day moving average of C$38.38. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63. The stock has a market capitalization of C$11.57 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 2.38 and a beta of 0.47.

Canadian Utilities (TSE:CU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.29 EPS for the quarter. Canadian Utilities had a return on equity of 7.21% and a net margin of 13.41%.The company had revenue of C$792.00 million for the quarter. As a group, equities analysts predict that Canadian Utilities Limited will post 2.4063556 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.