National Bank Financial Boosts Canadian Utilities (TSE:CU) Price Target to C$55.00

Canadian Utilities (TSE:CU) had its target price hoisted by research analysts at National Bank Financial from C$51.00 to C$55.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential downside of 2.60% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Canadian Utilities from C$49.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Canadian Utilities from C$53.00 to C$55.00 in a research note on Thursday. Scotiabank boosted their price objective on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Finally, TD increased their target price on shares of Canadian Utilities from C$48.00 to C$52.00 and gave the stock a “hold” rating in a research report on Thursday. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$53.57.

Canadian Utilities Stock Performance

CU traded up C$1.53 during trading on Thursday, hitting C$56.47. The stock had a trading volume of 249,809 shares, compared to its average volume of 573,813. The company has a 50 day moving average price of C$52.26 and a 200-day moving average price of C$48.94. The firm has a market cap of C$15.38 billion, a price-to-earnings ratio of 564.70, a P/E/G ratio of 2.38 and a beta of 0.53. Canadian Utilities has a one year low of C$37.13 and a one year high of C$56.58. The company has a debt-to-equity ratio of 186.03, a current ratio of 1.32 and a quick ratio of 1.30.

Canadian Utilities (TSE:CU) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.51 EPS for the quarter. The firm had revenue of C$914.00 million for the quarter. Canadian Utilities had a return on equity of 1.59% and a net margin of 2.90%. As a group, research analysts predict that Canadian Utilities will post 2.4063556 EPS for the current 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.