Canadian Utilities Limited (TSE:CU) Stock Has Average Target Price of C$53.14

Shares of Canadian Utilities Limited (TSE:CU) have earned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$53.14.

Several equities research analysts have recently weighed in on the company. National Bank Financial raised their target price on Canadian Utilities from C$51.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Scotiabank upped their price target on Canadian Utilities from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Royal Bank Of Canada increased their price target on shares of Canadian Utilities from C$50.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. BMO Capital Markets raised their price objective on shares of Canadian Utilities from C$50.00 to C$55.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Finally, TD raised their price objective on shares of Canadian Utilities from C$48.00 to C$52.00 and gave the stock a “hold” rating in a report on Thursday, July 30th.

Canadian Utilities Stock Performance

TSE:CU opened at C$50.20 on Friday. Canadian Utilities has a 12 month low of C$38.51 and a 12 month high of C$56.90. The company has a debt-to-equity ratio of 184.88, a current ratio of 1.80 and a quick ratio of 1.30. The firm has a market capitalization of C$13.67 billion, a PE ratio of 313.75, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36. The business’s fifty day moving average price is C$51.98 and its 200 day moving average price is C$51.06.

Canadian Utilities (TSE:CU) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.51 earnings per share (EPS) for the quarter. The company had revenue of C$914.00 million during the quarter. Canadian Utilities had a return on equity of 1.88% and a net margin of 3.30%. On average, sell-side analysts anticipate that Canadian Utilities will post 2.4063556 earnings per share for the current fiscal 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.