Scotiabank Boosts Earnings Estimates for Canadian Utilities

Canadian Utilities Limited (TSE:CU) – Research analysts at Scotiabank raised their FY2026 earnings estimates for Canadian Utilities in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $2.49 for the year, up from their prior forecast of $2.47. Scotiabank has a “Sector Perform” rating and a $53.00 price objective on the stock. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share. Scotiabank also issued estimates for Canadian Utilities’ FY2027 earnings at $2.57 EPS.

Other research analysts have also issued reports about the stock. TD lifted their price objective on shares of Canadian Utilities from C$47.00 to C$48.00 and gave the company a “hold” rating in a research note on Friday, May 8th. National Bank Financial increased their target price on Canadian Utilities from C$46.00 to C$51.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Royal Bank Of Canada raised their price target on Canadian Utilities from C$49.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Canadian Utilities from C$47.00 to C$51.00 in a research report on Monday, April 20th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$49.14.

Canadian Utilities Stock Performance

Shares of CU stock opened at C$55.80 on Friday. The stock has a market capitalization of C$15.20 billion, a P/E ratio of 558.00, a PEG ratio of 2.38 and a beta of 0.53. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 186.03. The firm’s 50 day moving average is C$51.74 and its 200 day moving average is C$48.58. Canadian Utilities has a 12 month low of C$37.13 and a 12 month high of C$55.92.

Canadian Utilities (TSE:CU) last posted its earnings results on Wednesday, May 6th. The company reported C$0.89 earnings per share for the quarter. Canadian Utilities had a net margin of 2.90% and a return on equity of 1.59%. The firm had revenue of C$1.08 billion during the quarter.

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.