Canadian Utilities (TSE:CU) Price Target Raised to C$44.00

Canadian Utilities (TSE:CU) had its target price upped by CIBC from C$43.00 to C$44.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Other analysts have also issued reports about the company. Scotiabank lifted their price target on Canadian Utilities from C$40.00 to C$43.00 in a research note on Tuesday. TD Securities raised their price objective 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. Finally, BMO Capital Markets boosted their target price on shares of Canadian Utilities from C$42.00 to C$44.00 in a report on Monday, November 10th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$42.67.

Canadian Utilities Stock Down 1.0%

Shares of TSE CU opened at C$41.84 on Wednesday. The company has a market cap of C$11.38 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.38 and a beta of 0.50. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. Canadian Utilities has a 12 month low of C$33.19 and a 12 month high of C$42.95. The stock has a 50-day moving average price of C$41.06 and a two-hundred day moving average price of C$39.17.

Canadian Utilities (TSE:CU) last announced its quarterly earnings results on Friday, November 7th. The company reported C$0.40 EPS for the quarter. The company 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%. As a group, analysts forecast 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.