Canadian Utilities (TSE:CU) Price Target Raised to C$51.00

Canadian Utilities (TSE:CU) had its price objective upped by Canadian Imperial Bank of Commerce from C$47.00 to C$51.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. National Bank Financial raised their price target on shares of Canadian Utilities from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Royal Bank Of Canada raised 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. Finally, TD Securities raised their price target on shares of Canadian Utilities from C$41.00 to C$47.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$46.50.

Canadian Utilities Trading Down 1.6%

CU stock opened at C$47.13 on Monday. The firm has a market cap of C$12.83 billion, a P/E ratio of 314.20, a PEG ratio of 2.38 and a beta of 0.55. Canadian Utilities has a 52-week low of C$36.23 and a 52-week high of C$51.05. The company’s 50-day simple moving average is C$48.20 and its 200-day simple moving average is C$44.09. 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 (TSE:CU) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.72 earnings per share for the quarter. The firm had revenue of C$971.00 million for the quarter. Canadian Utilities had a net margin of 3.22% and a return on equity of 1.74%. As a group, equities analysts forecast that Canadian Utilities will post 2.4063556 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.