Canadian Utilities Limited (TSE:CU) Given Average Rating of “Hold” by Analysts

Canadian Utilities Limited (TSE:CU) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$49.14.

A number of equities research analysts have issued reports on the stock. National Bank Financial raised their price target on shares of 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. TD increased their target price on shares of Canadian Utilities from C$47.00 to C$48.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Canadian Imperial Bank of Commerce increased their target price on shares of Canadian Utilities from C$47.00 to C$51.00 in a report on Monday, April 20th. Royal Bank Of Canada raised their target price on Canadian Utilities from C$49.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Finally, Scotiabank upped their price target on Canadian Utilities from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Tuesday.

Canadian Utilities Trading Up 0.4%

Shares of TSE:CU traded up C$0.24 during trading on Tuesday, reaching C$54.49. 166,700 shares of the company traded hands, compared to its average volume of 573,914. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 186.03. Canadian Utilities has a 52-week low of C$37.13 and a 52-week high of C$55.30. The firm has a market capitalization of C$14.84 billion, a price-to-earnings ratio of 544.90, a P/E/G ratio of 2.38 and a beta of 0.53. The business’s fifty day moving average is C$51.35 and its 200-day moving average is C$48.33.

Canadian Utilities (TSE:CU) last issued its earnings results 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 for the quarter. As a group, analysts forecast 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.