Canadian Utilities (TSE:CU) Shares Pass Above 200-Day Moving Average – Time to Sell?

Canadian Utilities Limited (TSE:CU)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$47.40 and traded as high as C$52.71. Canadian Utilities shares last traded at C$52.23, with a volume of 867,587 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CU. Royal Bank Of Canada increased their target price 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. TD boosted their price target on shares of Canadian Utilities from C$47.00 to C$48.00 and gave the company a “hold” rating in a report on Friday, May 8th. National Bank Financial increased their price objective on Canadian Utilities from C$46.00 to C$51.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Canadian Utilities from C$47.00 to C$51.00 in a research report on Monday, April 20th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Canadian Utilities has an average rating of “Hold” and a consensus target price of C$47.71.

Canadian Utilities Price Performance

The stock’s 50 day moving average price is C$50.20 and its two-hundred day moving average price is C$47.40. The company has a debt-to-equity ratio of 186.03, a current ratio of 1.32 and a quick ratio of 1.30. The firm has a market capitalization of C$14.22 billion, a price-to-earnings ratio of 522.30, a PEG ratio of 2.38 and a beta of 0.52.

Canadian Utilities (TSE:CU) last posted its earnings results on Wednesday, May 6th. The company reported C$0.89 earnings per share (EPS) for the quarter. The business 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%. On average, equities research analysts anticipate that Canadian Utilities Limited 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.