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

Canadian Utilities Limited (TSE:CU)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$46.63 and traded as high as C$51.83. Canadian Utilities shares last traded at C$51.73, with a volume of 391,458 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. National Bank Financial raised their price objective on Canadian Utilities from C$46.00 to C$51.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Royal Bank Of Canada boosted their target price on Canadian Utilities from C$49.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. TD Securities increased their target price on Canadian Utilities from C$41.00 to C$47.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. TD raised their price target on Canadian Utilities from C$47.00 to C$48.00 and gave the company a “hold” rating in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Canadian Utilities from C$47.00 to C$51.00 in a research report on Monday, April 20th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Canadian Utilities currently has an average rating of “Hold” and an average price target of C$47.71.

Canadian Utilities Trading Up 0.7%

The firm’s 50 day moving average price is C$49.53 and its 200-day moving average price is C$46.63. The stock has a market cap of C$14.09 billion, a P/E ratio of 517.30, a P/E/G ratio of 2.38 and a beta of 0.52. 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 posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.89 EPS for the quarter. The firm had revenue of C$1.08 billion for the quarter. Canadian Utilities had a net margin of 2.90% and a return on equity of 1.59%. As a group, equities research analysts forecast that Canadian Utilities Limited will post 2.4063556 earnings per share for the current year.

About Canadian Utilities

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.