Canadian Utilities (TSE:CU) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Canadian Utilities Limited (TSE:CU)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.61 and traded as high as C$44.73. Canadian Utilities shares last traded at C$44.65, with a volume of 981,292 shares trading hands.

Analyst Upgrades and Downgrades

CU has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce upped their price objective on Canadian Utilities from C$44.00 to C$45.00 in a report on Wednesday, January 21st. TD Securities lifted their target price on Canadian Utilities from C$40.00 to C$41.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Scotiabank upped 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 report on Monday, November 10th. Finally, National Bank Financial boosted their price objective on shares of Canadian Utilities from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$42.83.

Canadian Utilities Stock Up 1.8%

The business has a 50 day simple moving average of C$42.97 and a 200 day simple moving average of C$40.61. The company has a market capitalization of C$12.14 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.38 and a beta of 0.61. The company has a debt-to-equity ratio of 158.34, a current ratio of 1.63 and a quick ratio of 1.30.

Canadian Utilities (TSE:CU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.40 earnings per share for the quarter. Canadian Utilities had a return on equity of 7.21% and a net margin of 13.41%.The business had revenue of C$792.00 million during the quarter. As a group, equities analysts predict that Canadian Utilities Limited 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. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.