Canadian Utilities (TSE:CU) Price Target Raised to C$57.00

Canadian Utilities (TSE:CU) had its price objective raised by equities research analysts at National Bank Financial from C$56.00 to C$57.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial‘s target price suggests a potential upside of 9.11% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Scotiabank lifted their target price on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada dropped their target price on shares of Canadian Utilities from C$63.00 to C$62.00 and set a “sector perform” rating for the company in a report on Monday. TD Securities upgraded Canadian Utilities from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. BMO Capital Markets raised their price target on Canadian Utilities from C$50.00 to C$55.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Finally, TD raised their price target on Canadian Utilities from C$52.00 to C$57.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$54.71.

Canadian Utilities Price Performance

TSE:CU traded up C$0.05 during trading hours on Monday, hitting C$52.24. 132,998 shares of the stock traded hands, compared to its average volume of 624,883. The company has a market cap of C$14.23 billion, a price-to-earnings ratio of 326.50, a price-to-earnings-growth ratio of 2.38 and a beta of 0.40. Canadian Utilities has a 1 year low of C$40.87 and a 1 year high of C$56.90. The stock has a 50 day moving average price of C$50.53 and a 200 day moving average price of C$50.00. The company has a quick ratio of 1.30, a current ratio of 1.80 and a debt-to-equity ratio of 184.88.

Canadian Utilities (TSE:CU) last announced its quarterly earnings data on Friday, November 6th. The company reported C$0.43 earnings per share (EPS) for the quarter. The firm had revenue of C$902.00 million during the quarter. Canadian Utilities had a net margin of 3.30% and a return on equity of 1.88%. Sell-side analysts forecast that Canadian Utilities will post 2.41 EPS 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. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.