Canadian Utilities (TSE:CU) Upgraded at TD Securities

TD Securities upgraded shares of Canadian Utilities (TSE:CU) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks reports.

Other analysts have also recently issued reports about the company. TD lifted their price objective on Canadian Utilities from C$52.00 to C$57.00 and gave the company a “buy” rating in a research report on Wednesday. Canadian Imperial Bank of Commerce decreased their target price on Canadian Utilities from C$55.00 to C$52.00 in a research report on Tuesday, September 22nd. National Bank Financial raised their target price on Canadian Utilities from C$51.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Scotiabank raised their price objective on 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. Finally, BMO Capital Markets raised their price objective on 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Canadian Utilities currently has an average rating of “Hold” and an average target price of C$54.71.

Canadian Utilities Trading Down 0.3%

Shares of CU opened at C$49.23 on Wednesday. The firm’s 50-day moving average price is C$51.61 and its 200-day moving average price is C$51.07. The firm has a market capitalization of C$13.41 billion, a price-to-earnings ratio of 307.69, a PEG ratio of 2.38 and a beta of 0.36. The company has a current ratio of 1.80, a quick ratio of 1.30 and a debt-to-equity ratio of 184.88. Canadian Utilities has a 1-year low of C$38.51 and a 1-year high of C$56.90.

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. Canadian Utilities had a net margin of 3.30% and a return on equity of 1.88%. The company had revenue of C$914.00 million for the quarter. Sell-side analysts anticipate that Canadian Utilities will post 2.41 EPS for the current 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.