Canadian Utilities Limited (TSE:CU) Receives Consensus Recommendation of “Hold” from Brokerages

Canadian Utilities Limited (TSE:CU) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$53.57.

A number of equities analysts have issued reports on the company. BMO Capital Markets upped their target price on Canadian Utilities from C$50.00 to C$55.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Royal Bank Of Canada lifted their price target on shares of Canadian Utilities from C$50.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their price objective on shares of Canadian Utilities from C$53.00 to C$55.00 in a research note on Thursday, July 30th. TD raised their price objective on shares of Canadian Utilities from C$48.00 to C$52.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Finally, National Bank Financial boosted their target price on shares of Canadian Utilities from C$51.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th.

Canadian Utilities Stock Down 1.6%

Shares of TSE CU opened at C$49.14 on Wednesday. Canadian Utilities has a 1 year low of C$37.13 and a 1 year high of C$56.90. The firm has a market cap of C$13.38 billion, a price-to-earnings ratio of 307.12, a PEG ratio of 2.38 and a beta of 0.47. The company has a debt-to-equity ratio of 184.88, a quick ratio of 1.30 and a current ratio of 1.80. The stock’s 50-day simple moving average is C$53.00 and its 200-day simple moving average is C$50.78.

Canadian Utilities (TSE:CU) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.51 EPS for the quarter. Canadian Utilities had a return on equity of 1.88% and a net margin of 3.30%.The firm had revenue of C$914.00 million during the quarter. As a group, equities analysts anticipate that Canadian Utilities will post 2.4063556 earnings per share for the current fiscal 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.