CIBC Boosts Canadian Utilities (TSE:CU) Price Target to C$45.00

Canadian Utilities (TSE:CU) had its price target lifted by CIBC from C$44.00 to C$45.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 3.12% from the stock’s current price.

CU has been the subject of several other research reports. BMO Capital Markets increased their target price on shares of Canadian Utilities from C$42.00 to C$44.00 in a research note on Monday, November 10th. Scotiabank increased their price objective on Canadian Utilities from C$40.00 to C$43.00 in a research report on Tuesday, December 16th. National Bankshares boosted their target price on Canadian Utilities from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Finally, TD Securities upped their price target on Canadian Utilities from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$42.83.

Canadian Utilities Price Performance

CU stock opened at C$43.64 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The company has a market capitalization of C$11.87 billion, a P/E ratio of 22.27, a PEG ratio of 2.38 and a beta of 0.55. The business has a 50 day simple moving average of C$42.41 and a 200-day simple moving average of C$40.04. Canadian Utilities has a twelve month low of C$33.19 and a twelve month high of C$44.54.

Canadian Utilities (TSE:CU) last released its quarterly earnings results on Friday, November 7th. The company reported C$0.40 EPS for the quarter. Canadian Utilities had a net margin of 13.41% and a return on equity of 7.21%. The firm had revenue of C$792.00 million during the quarter. As a group, equities analysts anticipate 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.