Canadian Utilities (TSE:CU) Price Target Raised to C$45.00 at CIBC

Canadian Utilities (TSE:CU) had its target price upped by CIBC from C$44.00 to C$45.00 in a research report sent to investors on Wednesday,BayStreet.CA reports.

Several other research firms have also recently issued reports on CU. National Bankshares raised their price target on shares of Canadian Utilities from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. Scotiabank upped their price objective on shares of Canadian Utilities from C$40.00 to C$43.00 in a research note on Tuesday, December 16th. TD Securities lifted their target price on shares of Canadian Utilities from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Finally, BMO Capital Markets boosted their price target on Canadian Utilities from C$42.00 to C$44.00 in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Canadian Utilities presently has a consensus rating of “Hold” and an average target price of C$42.83.

Canadian Utilities Stock Performance

Canadian Utilities stock opened at C$43.63 on Wednesday. Canadian Utilities has a fifty-two week low of C$33.19 and a fifty-two week high of C$44.54. The company has a market capitalization of C$11.86 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.38 and a beta of 0.55. The stock has a fifty day moving average of C$42.39 and a two-hundred day moving average of C$40.01. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63.

Canadian Utilities (TSE:CU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.40 earnings per share (EPS) for the quarter. The business had revenue of C$792.00 million for the quarter. Canadian Utilities had a return on equity of 7.21% and a net margin of 13.41%. On average, analysts anticipate 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. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.