Canadian Utilities Limited (TSE:CU) Given Average Recommendation of “Hold” by Analysts

Canadian Utilities Limited (TSE:CU – Get Rating) has received an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$38.50.

Several research firms have recently issued reports on CU. National Bankshares lifted their price objective on shares of Canadian Utilities from C$36.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Monday. Credit Suisse Group lifted their price target on shares of Canadian Utilities to C$41.00 and gave the company a “neutral” rating in a report on Wednesday, April 13th. CSFB increased their price objective on shares of Canadian Utilities from C$39.00 to C$41.00 in a report on Wednesday, April 13th. Royal Bank of Canada lifted their target price on Canadian Utilities from C$38.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Friday, April 29th. Finally, CIBC increased their price target on Canadian Utilities from C$38.00 to C$40.00 in a research note on Thursday, April 21st.

Shares of Canadian Utilities stock opened at C$38.03 on Wednesday. The company has a market capitalization of C$7.50 billion and a price-to-earnings ratio of 31.43. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 140.27. The stock’s 50-day simple moving average is C$37.72 and its 200-day simple moving average is C$36.30. Canadian Utilities has a 52 week low of C$33.86 and a 52 week high of C$39.80.

Canadian Utilities (TSE:CU – Get Rating) last issued its earnings results on Wednesday, February 23rd. The company reported C$0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.68 by C$0.03. The business had revenue of C$1.03 billion for the quarter. On average, equities analysts expect that Canadian Utilities will post 2.2200001 earnings per share for the current year.

About Canadian Utilities (Get Rating)

Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.

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