Canadian Utilities (TSE:CU) Price Target Raised to C$45.00

Canadian Utilities (TSE:CU) had its price target lifted by CIBC from C$44.00 to C$45.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 2.95% from the company’s current price.

CU has been the topic of several other reports. TD Securities increased their target price on shares of Canadian Utilities from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Scotiabank lifted their price objective on Canadian Utilities from C$40.00 to C$43.00 in a research note on Tuesday, December 16th. National Bankshares upped their price target on shares of Canadian Utilities from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Finally, BMO Capital Markets increased their target price on shares of Canadian Utilities from C$42.00 to C$44.00 in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$42.83.

Canadian Utilities Stock Performance

Shares of Canadian Utilities stock traded down C$0.59 on Wednesday, reaching C$43.71. 157,726 shares of the stock were exchanged, compared to its average volume of 340,168. The business has a 50 day moving average price of C$42.37 and a two-hundred day moving average price of C$39.98. The firm has a market capitalization of C$11.89 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.38 and a beta of 0.55. Canadian Utilities has a twelve month low of C$33.19 and a twelve month high of C$44.54. 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 released its quarterly earnings data on Friday, November 7th. The company reported C$0.40 EPS for the quarter. The business had revenue of C$792.00 million for the quarter. Canadian Utilities had a net margin of 13.41% and a return on equity of 7.21%. 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.