Canadian Utilities Limited to Post Q3 2016 Earnings of $0.38 Per Share, National Bank Financial Forecasts (CU)
Canadian Utilities Limited (TSE:CU) – Equities researchers at National Bank Financial issued their Q3 2016 EPS estimates for shares of Canadian Utilities Limited in a note issued to investors on Wednesday. National Bank Financial analyst P. Kenny expects that the firm will post earnings per share of $0.38 for the quarter.
CU has been the topic of several other reports. TD Securities increased their target price on shares of Canadian Utilities Limited from C$37.00 to C$39.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Barclays PLC lowered their target price on shares of Canadian Utilities Limited from C$38.00 to C$36.00 and set an “underweight” rating on the stock in a research note on Wednesday. CSFB increased their target price on shares of Canadian Utilities Limited from C$38.00 to C$42.00 in a research note on Monday, July 25th. RBC Capital Markets increased their target price on shares of Canadian Utilities Limited from C$37.00 to C$42.00 in a research note on Thursday, July 28th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$41.00 target price on shares of Canadian Utilities Limited in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of C$40.38.
Canadian Utilities Limited (TSE:CU) traded down 0.14% during trading on Friday, reaching $36.84. 51,973 shares of the company traded hands. The firm has a market capitalization of $9.86 billion and a price-to-earnings ratio of 26.85. The firm’s 50 day moving average price is $37.23 and its 200 day moving average price is $37.39. Canadian Utilities Limited has a 12-month low of $29.49 and a 12-month high of $40.78.
About Canadian Utilities Limited
Canadian Utilities Limited is an ATCO company. The Company’s segments include Electricity, Pipelines & Liquids and Corporate & Other. The Electricity segment includes businesses of ATCO Electric, ATCO Power and ATCO Power Australia that provide power generation, distributed generation, and electricity distribution, transmission and infrastructure development in northern and central east Alberta, the Yukon, the Northwest Territories and Australia.
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