Canadian Utilities (TSE:CU) Stock Gets Price Target Boost from TD

Canadian Utilities (TSE:CU) had its price target increased by equities researchers at TD from C$57.00 to C$58.00 in a report released on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD‘s target price would suggest a potential upside of 9.54% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Scotiabank increased their price objective on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. BMO Capital Markets upped their target price on shares of Canadian Utilities from C$50.00 to C$55.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Royal Bank Of Canada lowered their price target 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. National Bank Financial lifted their price target on Canadian Utilities from C$56.00 to C$57.00 and gave the stock a “sector perform” rating in a research report on Monday. Finally, Canadian Imperial Bank of Commerce reduced their price objective on Canadian Utilities from C$55.00 to C$52.00 in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$54.86.

Canadian Utilities Price Performance

TSE:CU traded up C$0.93 during trading hours on Tuesday, reaching C$52.95. The stock had a trading volume of 1,908,257 shares, compared to its average volume of 633,674. The stock has a market capitalization of C$14.42 billion, a PE ratio of 330.94, a PEG ratio of 2.38 and a beta of 0.40. Canadian Utilities has a 52 week low of C$40.87 and a 52 week high of C$56.90. The company has a 50 day moving average price of C$50.53 and a two-hundred day moving average price of C$50.04. The company has a debt-to-equity ratio of 184.88, a quick ratio of 1.30 and a current ratio of 1.80.

Canadian Utilities (TSE:CU) last posted its earnings results on Friday, November 6th. The company reported C$0.43 EPS for the quarter. Canadian Utilities had a return on equity of 1.88% and a net margin of 3.30%. The firm had revenue of C$902.00 million during the quarter. As a group, sell-side analysts anticipate that Canadian Utilities will post 2.41 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.