Canadian Utilities (TSE:CU) Price Target Raised to C$43.00 at National Bankshares

Canadian Utilities (TSE:CU) had its target price upped by National Bankshares from C$40.00 to C$43.00 in a research note released on Wednesday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other brokerages also recently commented on CU. BMO Capital Markets lifted their price objective on Canadian Utilities from C$42.00 to C$44.00 in a research report on Monday, November 10th. Scotiabank raised their target price on Canadian Utilities from C$40.00 to C$43.00 in a research note on Tuesday. CIBC lifted their price target on Canadian Utilities from C$43.00 to C$44.00 in a report on Wednesday. Finally, TD Securities upped their price objective on shares of Canadian Utilities from C$40.00 to C$41.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Four 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 an average target price of C$42.67.

Canadian Utilities Stock Up 1.9%

Shares of TSE CU opened at C$42.62 on Wednesday. Canadian Utilities has a 12-month low of C$33.19 and a 12-month high of C$42.95. The stock has a market cap of C$11.59 billion, a PE ratio of 21.74, a P/E/G ratio of 2.38 and a beta of 0.50. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The company has a 50-day moving average of C$40.93 and a 200 day moving average of C$39.13.

Canadian Utilities (TSE:CU) last released its earnings results on Friday, November 7th. The company reported C$0.40 earnings per share 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%. As a group, sell-side analysts predict that Canadian Utilities will post 2.4063556 EPS 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.