Canadian Utilities (TSE:CU) Sets New 12-Month High – What’s Next?

Canadian Utilities Limited (TSE:CU) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$44.93 and last traded at C$44.84, with a volume of 73844 shares traded. The stock had previously closed at C$44.30.

Analyst Ratings Changes

CU has been the subject of several recent analyst reports. CIBC raised their price objective on shares of Canadian Utilities from C$44.00 to C$45.00 in a research note on Wednesday, January 21st. National Bankshares lifted their price target on shares of Canadian Utilities from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Scotiabank boosted their price target on Canadian Utilities from C$40.00 to C$43.00 in a research note on Tuesday, December 16th. BMO Capital Markets raised their price objective on Canadian Utilities from C$42.00 to C$44.00 in a research note on Monday, November 10th. Finally, TD Securities upped their target price on Canadian Utilities from C$40.00 to C$41.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$42.83.

Canadian Utilities Trading Up 1.3%

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 business’s fifty day simple moving average is C$42.71 and its 200 day simple moving average is C$40.40. The stock has a market cap of C$12.20 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 2.38 and a beta of 0.61.

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