Canadian Utilities Limited (TSE:CU) Given Consensus Rating of “Hold” by Analysts

Shares of Canadian Utilities Limited (TSE:CU) have been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$53.57.

Several brokerages have recently commented on CU. Canadian Imperial Bank of Commerce raised their price objective on shares of Canadian Utilities from C$53.00 to C$55.00 in a research report on Thursday, July 30th. Scotiabank upped their target price on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Royal Bank Of Canada increased their price target on Canadian Utilities from C$50.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. BMO Capital Markets raised their price target on Canadian Utilities from C$50.00 to C$55.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Finally, TD boosted their price objective on Canadian Utilities from C$48.00 to C$52.00 and gave the company a “hold” rating in a research report on Thursday, July 30th.

Canadian Utilities Price Performance

TSE CU opened at C$51.17 on Wednesday. Canadian Utilities has a 12 month low of C$37.13 and a 12 month high of C$56.90. The stock has a market cap of C$13.94 billion, a price-to-earnings ratio of 319.81, a PEG ratio of 2.38 and a beta of 0.47. The company’s 50 day moving average is C$53.21 and its two-hundred day moving average is C$50.69. 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 (TSE:CU) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.51 earnings per share for the quarter. The business had revenue of C$914.00 million for the quarter. Canadian Utilities had a net margin of 3.30% and a return on equity of 1.88%. As a group, research analysts anticipate that Canadian Utilities will post 2.4063556 earnings per share for the current year.

About Canadian Utilities

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.