Scotiabank Predicts Stronger Earnings for Canadian Utilities

Canadian Utilities Limited (TSE:CU) – Scotiabank increased their FY2026 earnings estimates for shares of Canadian Utilities in a report released on Thursday, March 5th. Scotiabank analyst R. Hope now expects that the company will post earnings of $2.52 per share for the year, up from their previous estimate of $2.51. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share. Scotiabank also issued estimates for Canadian Utilities’ FY2027 earnings at $2.57 EPS.

A number of other brokerages have also weighed in on CU. BMO Capital Markets increased their target price on Canadian Utilities from C$42.00 to C$44.00 in a research note on Monday, November 10th. Canadian Imperial Bank of Commerce upped their price objective on Canadian Utilities from C$45.00 to C$47.00 and gave the company a “neutral” rating in a report on Friday, February 27th. TD Securities lifted their target price on Canadian Utilities from C$41.00 to C$47.00 and gave the stock a “hold” rating in a report on Tuesday. National Bank Financial boosted their target price on shares of Canadian Utilities from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada upped their price target on shares of Canadian Utilities from C$43.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Canadian Utilities presently has a consensus rating of “Hold” and a consensus price target of C$45.83.

Canadian Utilities Trading Up 0.1%

Shares of CU stock opened at C$48.29 on Friday. Canadian Utilities has a 12-month low of C$34.11 and a 12-month high of C$48.75. The company has a market capitalization of C$13.13 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. The firm has a 50 day moving average price of C$44.77 and a two-hundred day moving average price of C$41.62. The company has a quick ratio of 1.30, a current ratio of 1.56 and a debt-to-equity ratio of 194.86.

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.