Canadian Utilities (TSE:CU) Price Target Cut to C$37.00

Canadian Utilities (TSE:CU) had its target price dropped by stock analysts at BMO Capital Markets from C$38.00 to C$37.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 17.05% from the stock’s previous close.

CU has been the topic of several other research reports. Royal Bank of Canada cut their target price on Canadian Utilities from C$43.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, July 28th. TD Securities cut their target price on Canadian Utilities from C$39.00 to C$37.00 and set a “hold” rating on the stock in a research note on Friday, July 28th. CSFB dropped their price target on Canadian Utilities from C$40.50 to C$40.00 and set a “neutral” rating on the stock in a research report on Monday, July 24th. Finally, CIBC dropped their price target on Canadian Utilities from C$40.00 to C$38.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$38.75.

Canadian Utilities Price Performance

Canadian Utilities stock opened at C$31.61 on Friday. The business’s 50-day simple moving average is C$32.78 and its 200 day simple moving average is C$35.50. The stock has a market cap of C$6.38 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 2.38 and a beta of 0.57. Canadian Utilities has a 12-month low of C$30.64 and a 12-month high of C$41.43. The company has a quick ratio of 1.30, a current ratio of 1.43 and a debt-to-equity ratio of 142.91.

Canadian Utilities (TSE:CU) last released its earnings results on Thursday, July 27th. The company reported C$0.37 earnings per share for the quarter, missing the consensus estimate of C$0.43 by C($0.06). Canadian Utilities had a net margin of 16.21% and a return on equity of 9.33%. The company had revenue of C$879.00 million during the quarter. As a group, research analysts anticipate that Canadian Utilities will post 2.2893617 earnings per share for the current year.

About Canadian Utilities

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, and retail energy businesses in the United States, Australia, and internationally. 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.