UNITIL Corporation (NYSE:UTL) has earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. UNITIL’s rating score has improved by 33.3% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus price target of $47.00 for the company and are predicting that the company will post $0.76 earnings per share for the current quarter, according to Zacks. Zacks has also given UNITIL an industry rank of 215 out of 265 based on the ratings given to its competitors.
UTL has been the subject of several research analyst reports. Janney Montgomery Scott raised UNITIL from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $52.00 to $50.00 in a research note on Tuesday, December 26th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “hold” rating and set a $47.00 target price on shares of UNITIL in a research note on Wednesday, October 18th. Bank of America initiated coverage on UNITIL in a research note on Monday, December 18th. They set a “neutral” rating and a $49.00 target price for the company. Finally, Zacks Investment Research raised UNITIL from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, November 1st.
UNITIL (NYSE UTL) opened at $43.92 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.53 and a current ratio of 0.56. The company has a market capitalization of $655.25, a PE ratio of 21.96, a price-to-earnings-growth ratio of 6.72 and a beta of 0.20. UNITIL has a 52 week low of $43.03 and a 52 week high of $52.84.
UNITIL (NYSE:UTL) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The firm had revenue of $475.20 million during the quarter, compared to the consensus estimate of $82.80 million. UNITIL had a return on equity of 9.39% and a net margin of 7.09%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. sell-side analysts forecast that UNITIL will post 2.04 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/01/29/brokerages-expect-unitil-corporation-utl-to-post-0-76-eps.html.
Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for UNITIL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UNITIL and related companies with MarketBeat.com's FREE daily email newsletter.