Canadian Utilities (TSE:CU) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Canadian Utilities Limited (TSE:CU) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$45.50 and traded as high as C$50.28. Canadian Utilities shares last traded at C$49.99, with a volume of 214,762 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CU shares. National Bank Financial increased their price target on Canadian Utilities from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. TD increased their price target on Canadian Utilities from C$47.00 to C$48.00 and gave the company a “hold” rating in a report on Friday, May 8th. Canadian Imperial Bank of Commerce upped their price objective on shares of Canadian Utilities from C$47.00 to C$51.00 in a research report on Monday, April 20th. TD Securities upped their price objective on shares of Canadian Utilities from C$41.00 to C$47.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of Canadian Utilities from C$49.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$47.00.

Canadian Utilities Stock Up 0.9%

The company has a debt-to-equity ratio of 186.03, a current ratio of 1.32 and a quick ratio of 1.30. The firm’s 50-day moving average price is C$48.80 and its 200 day moving average price is C$45.57. The firm has a market cap of C$13.73 billion, a P/E ratio of 504.20, a PEG ratio of 2.38 and a beta of 0.60.

Canadian Utilities (TSE:CU) last issued its quarterly 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 business had revenue of C$1.08 billion for the quarter. On average, equities research analysts expect that Canadian Utilities Limited 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.