Brokerages Set Canadian Utilities Limited (TSE:CU) Target Price at C$49.14

Canadian Utilities Limited (TSE:CU) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$49.14.

A number of brokerages recently issued reports on CU. Canadian Imperial Bank of Commerce raised their price objective on Canadian Utilities from C$47.00 to C$51.00 in a research report on Monday, April 20th. National Bank Financial raised their price target on Canadian Utilities from C$46.00 to C$51.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Scotiabank raised their target price on 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. TD boosted their price target on shares of Canadian Utilities from C$47.00 to C$48.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada increased their price target on shares of Canadian Utilities from C$49.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th.

Canadian Utilities Price Performance

Canadian Utilities stock opened at C$55.85 on Tuesday. The stock has a market capitalization of C$15.21 billion, a P/E ratio of 558.50, a P/E/G ratio of 2.38 and a beta of 0.53. The company’s fifty day moving average price is C$51.89 and its 200 day moving average price is C$48.64. The company has a debt-to-equity ratio of 186.03, a quick ratio of 1.30 and a current ratio of 1.32. Canadian Utilities has a 1 year low of C$37.13 and a 1 year high of C$56.39.

Canadian Utilities (TSE:CU) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.89 EPS for the quarter. Canadian Utilities had a net margin of 2.90% and a return on equity of 1.59%. The company had revenue of C$1.08 billion during the quarter. As a group, equities research analysts anticipate that Canadian Utilities will post 2.4063556 earnings per share for the current fiscal 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.