Royal Bank Of Canada Has Lowered Expectations for Canadian Utilities (TSE:CU) Stock Price

Canadian Utilities (TSE:CU) had its target price decreased by analysts at Royal Bank Of Canada from C$63.00 to C$62.00 in a research note issued to investors on Monday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective points to a potential upside of 18.68% from the stock’s previous close.

Other analysts also recently issued reports about the stock. TD lifted their price objective on shares of Canadian Utilities from C$52.00 to C$57.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. National Bank Financial increased their target price on shares of Canadian Utilities from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a report on Thursday, October 8th. BMO Capital Markets increased their target price on shares of Canadian Utilities from C$50.00 to C$55.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce decreased their target price on shares of Canadian Utilities from C$55.00 to C$52.00 in a research report on Tuesday, September 22nd. Finally, Scotiabank lifted their price target on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Canadian Utilities presently has an average rating of “Hold” and a consensus price target of C$54.71.

Canadian Utilities Stock Up 0.1%

Canadian Utilities stock traded up C$0.05 during midday trading on Monday, reaching C$52.24. The stock had a trading volume of 132,998 shares, compared to its average volume of 624,883. The firm’s fifty day simple moving average is C$50.53 and its 200-day simple moving average is C$50.00. Canadian Utilities has a 1-year low of C$40.87 and a 1-year high of C$56.90. The stock has a market capitalization of C$14.23 billion, a P/E ratio of 326.50, a price-to-earnings-growth ratio of 2.38 and a beta of 0.40. 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 released its quarterly earnings results on Friday, November 6th. The company reported C$0.43 earnings per share 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, analysts expect that Canadian Utilities will post 2.41 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.