Canadian Utilities (TSE:CU) Price Target Raised to C$46.00 at National Bank Financial

Canadian Utilities (TSE:CU) had its price objective boosted by stock analysts at National Bank Financial from C$45.00 to C$46.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential downside of 3.75% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada upped their target price on Canadian Utilities from C$43.00 to C$49.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. 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. Finally, TD Securities upped their price target on Canadian Utilities from C$41.00 to C$47.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$46.83.

Canadian Utilities Stock Performance

Shares of CU traded down C$1.16 on Thursday, reaching C$47.79. 197,300 shares of the company’s stock traded hands, compared to its average volume of 583,094. The stock has a market cap of C$13.01 billion, a PE ratio of 318.60, a PEG ratio of 2.38 and a beta of 0.60. Canadian Utilities has a 52-week low of C$36.23 and a 52-week high of C$51.05. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 194.86. The stock’s 50 day simple moving average is C$48.52 and its two-hundred day simple moving average is C$44.66.

Canadian Utilities (TSE:CU) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.89 EPS for the quarter. The company had revenue of C$1.08 billion for the quarter. Canadian Utilities had a net margin of 3.22% and a return on equity of 1.74%. On average, analysts forecast that Canadian Utilities 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.