Canadian Utilities Limited (TSE:CU) Receives Average Recommendation of “Hold” from Analysts

Shares of Canadian Utilities Limited (TSE:CU) have received an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$49.14.

Several equities research analysts have recently weighed in on CU shares. TD upped their target price on shares of Canadian Utilities from C$47.00 to C$48.00 and gave the stock a “hold” rating in a report on Friday, May 8th. National Bank Financial lifted their price target on shares of Canadian Utilities from C$46.00 to C$51.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Canadian Imperial Bank of Commerce boosted their price target on shares of Canadian Utilities from C$47.00 to C$51.00 in a research report on Monday, April 20th. Royal Bank Of Canada upped their price objective on shares of Canadian Utilities from C$49.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Finally, Scotiabank raised their price objective on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st.

Canadian Utilities Price Performance

Canadian Utilities stock opened at C$55.15 on Tuesday. The business has a 50 day simple moving average of C$52.03 and a 200 day simple moving average of C$48.77. 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 company has a market capitalization of C$15.02 billion, a PE ratio of 551.50, a price-to-earnings-growth ratio of 2.38 and a beta of 0.53. Canadian Utilities has a one year low of C$37.13 and a one year high of C$56.39.

Canadian Utilities (TSE:CU) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.89 earnings per share for the quarter. Canadian Utilities had a return on equity of 1.59% and a net margin of 2.90%.The firm had revenue of C$1.08 billion for the quarter. On average, sell-side analysts forecast that Canadian Utilities will post 2.4063556 EPS for the current fiscal year.

Canadian Utilities Company Profile

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.