National Bankshares Issues Positive Forecast for Canadian Utilities (TSE:CU) Stock Price

Canadian Utilities (TSE:CU) had its price target lifted by investment analysts at National Bankshares from C$40.00 to C$43.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target points to a potential upside of 1.44% from the stock’s previous close.

A number of other equities analysts also recently commented on CU. TD Securities increased their price objective on Canadian Utilities from C$40.00 to C$41.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Scotiabank increased their price target on shares of Canadian Utilities from C$40.00 to C$43.00 in a research note on Tuesday. CIBC lifted their price objective on shares of Canadian Utilities from C$43.00 to C$44.00 in a research note on Wednesday. Finally, BMO Capital Markets upped their price objective on shares of Canadian Utilities from C$42.00 to C$44.00 in a report on Monday, November 10th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Canadian Utilities presently has a consensus rating of “Hold” and an average price target of C$42.67.

Canadian Utilities Stock Up 1.3%

Shares of TSE CU traded up C$0.55 during mid-day trading on Wednesday, reaching C$42.39. The company had a trading volume of 117,445 shares, compared to its average volume of 513,406. 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 has a twelve month low of C$33.19 and a twelve month high of C$42.95. The stock’s 50 day moving average is C$40.85 and its 200-day moving average is C$39.10. The stock has a market capitalization of C$11.53 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.38 and a beta of 0.50.

Canadian Utilities (TSE:CU) last issued its earnings results on Friday, November 7th. The company reported C$0.40 EPS for the quarter. Canadian Utilities had a return on equity of 7.21% and a net margin of 13.41%.The firm had revenue of C$792.00 million for the quarter. As a group, equities analysts anticipate that Canadian Utilities will post 2.4063556 earnings per share for the current fiscal 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.