Canadian Utilities (TSE:CU) Given New C$44.00 Price Target at CIBC

Canadian Utilities (TSE:CU) had its price objective upped by CIBC from C$43.00 to C$44.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 3.80% from the stock’s previous close.

Several other research firms also recently issued reports on CU. BMO Capital Markets lifted their price target on Canadian Utilities from C$42.00 to C$44.00 in a research note on Monday, November 10th. Scotiabank raised their target price on shares of Canadian Utilities from C$40.00 to C$43.00 in a report on Tuesday. Finally, TD Securities upped their price target on shares of Canadian Utilities from C$40.00 to C$41.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$42.67.

Canadian Utilities Price Performance

Shares of CU traded up C$0.55 on Wednesday, reaching C$42.39. The stock had a trading volume of 117,445 shares, compared to its average volume of 513,406. Canadian Utilities has a twelve month low of C$33.19 and a twelve month high of C$42.95. The firm has a market capitalization of C$11.53 billion, a PE ratio of 21.63, a PEG ratio of 2.38 and a beta of 0.50. The firm has a 50-day moving average of C$40.85 and a 200 day moving average of C$39.10. The company has a quick ratio of 1.30, a current ratio of 1.63 and a debt-to-equity ratio of 158.34.

Canadian Utilities (TSE:CU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.40 earnings per share (EPS) for the quarter. The firm had revenue of C$792.00 million during the quarter. Canadian Utilities had a return on equity of 7.21% and a net margin of 13.41%. Sell-side analysts expect that Canadian Utilities will post 2.4063556 EPS 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.