Canadian Utilities (TSE:CU) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Canadian Utilities Limited (TSE:CU) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.61 and traded as high as C$44.73. Canadian Utilities shares last traded at C$44.65, with a volume of 981,292 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CU shares. Canadian Imperial Bank of Commerce boosted their price objective on Canadian Utilities from C$44.00 to C$45.00 in a research note on Wednesday, January 21st. BMO Capital Markets lifted their price target on Canadian Utilities from C$42.00 to C$44.00 in a research note on Monday, November 10th. TD Securities increased 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, November 11th. Scotiabank raised their price objective on Canadian Utilities from C$40.00 to C$43.00 in a report on Tuesday, December 16th. Finally, National Bank Financial upped their target price on shares of Canadian Utilities from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Canadian Utilities has an average rating of “Hold” and a consensus price target of C$42.83.

Canadian Utilities Stock Performance

The stock has a market cap of C$12.14 billion, a PE ratio of 22.78, a P/E/G ratio of 2.38 and a beta of 0.61. The company has a quick ratio of 1.30, a current ratio of 1.63 and a debt-to-equity ratio of 158.34. The stock has a 50-day moving average of C$42.97 and a 200 day moving average of C$40.61.

Canadian Utilities (TSE:CU) last issued its earnings results on Friday, November 7th. The company reported C$0.40 earnings per share (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 during the quarter. Equities analysts predict that Canadian Utilities Limited 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.