Unitil Stock Rating Upgraded by Zacks (UTL)
Unitil (NYSE:UTL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Friday. The firm currently has a $35.80 target price on the stock. Zacks‘s price objective would suggest a potential upside of 10.69% from the company’s current price.
Unitil (NYSE:UTL) traded down 0.71% on Friday, hitting $32.28. The stock had a trading volume of 57,008 shares. Unitil has a 52 week low of $27.78 and a 52 week high of $34.84. The stock’s 50-day moving average is $33.46 and its 200-day moving average is $32.26. The company has a market cap of $448.5 million and a P/E ratio of 18.25.
Unitil (NYSE:UTL) last announced its earnings results on Wednesday, July 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.07. During the same quarter in the previous year, the company posted ($0.01) earnings per share. On average, analysts predict that Unitil will post $1.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Wednesday, August 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Brean Capital downgraded shares of Unitil from a “buy” rating to a “hold” rating in a research note on Monday, June 30th. They noted that the move was a valuation call. Analysts at RBC Capital raised their price target on shares of Unitil from $31.00 to $33.00 in a research note on Monday, April 28th.
Unitil Corporation (NYSE:UTL) is a public utility holding company.
To view Zacks’ full report, visit Zacks’ official website.
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