Canadian Utilities (TSE:CU) Hits New 12-Month High – Should You Buy?

Canadian Utilities Limited (TSE:CU)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$43.86 and last traded at C$43.72, with a volume of 175553 shares trading hands. The stock had previously closed at C$43.66.

Analysts Set New Price Targets

CU has been the topic of several recent analyst reports. Scotiabank boosted their price objective on Canadian Utilities from C$40.00 to C$43.00 in a report on Tuesday, December 16th. TD Securities boosted their price target 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. BMO Capital Markets upped their price target on shares of Canadian Utilities from C$42.00 to C$44.00 in a research report on Monday, November 10th. National Bankshares lifted their price objective on shares of Canadian Utilities from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Finally, CIBC boosted their target price on shares of Canadian Utilities from C$43.00 to C$44.00 in a research note on Wednesday, December 17th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$42.67.

Canadian Utilities Price Performance

The company has a debt-to-equity ratio of 158.34, a current ratio of 1.63 and a quick ratio of 1.30. The stock has a market capitalization of C$11.89 billion, a P/E ratio of 22.31, a PEG ratio of 2.38 and a beta of 0.55. The stock’s fifty day moving average is C$42.32 and its 200-day moving average is C$39.94.

Canadian Utilities (TSE:CU) last announced its quarterly earnings results on Friday, November 7th. The company reported C$0.40 earnings per share for the quarter. The company had revenue of C$792.00 million during the quarter. Canadian Utilities had a return on equity of 7.21% and a net margin of 13.41%. On average, equities analysts anticipate that Canadian Utilities Limited will post 2.4063556 earnings per share for the current year.

Canadian Utilities Company Profile

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.