Brokerages Set Canadian Utilities Limited (TSE:CU) Price Target at C$49.14

Shares of Canadian Utilities Limited (TSE:CU) have earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is C$49.14.

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

Canadian Utilities Stock Performance

CU stock opened at C$55.80 on Tuesday. The company has a 50 day moving average price of C$51.74 and a 200 day moving average price of C$48.58. Canadian Utilities has a fifty-two week low of C$37.13 and a fifty-two week high of C$55.92. 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 stock has a market capitalization of C$15.20 billion, a PE ratio of 558.00, a price-to-earnings-growth ratio of 2.38 and a beta of 0.53.

Canadian Utilities (TSE:CU) last released its earnings results on Wednesday, May 6th. The company reported C$0.89 EPS for the quarter. The company had revenue of C$1.08 billion during the quarter. Canadian Utilities had a return on equity of 1.59% and a net margin of 2.90%. Analysts forecast that Canadian Utilities will post 2.4063556 EPS for the current 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.