Canadian Utilities (TSE:CU) Stock Price Target Raised at TD

Key Points

• TD raised its price target for Canadian Utilities from C$57 to C$58 and maintained a Buy rating, implying about 9.5% upside from the C$52.95 share price.
• Analyst views are mixed: MarketBeat reports a consensus Hold rating and C$54.86 target, while other firms recently adjusted targets and ratings in both directions.
• Canadian Utilities reported quarterly earnings of C$0.43 per share on C$902 million in revenue; analysts expect C$2.41 in EPS for the current fiscal year.

Canadian Utilities (TSE:CU - Get Free Report) had its price objective hoisted by investment analysts at TD from C$57.00 to C$58.00 in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. TD's price target suggests a potential upside of 9.54% from the stock's current price.

A number of other research analysts have also recently weighed in on CU. BMO Capital Markets lifted 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 note on Thursday, July 30th. TD Securities upgraded Canadian Utilities from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 7th. National Bank Financial raised their price target on Canadian Utilities from C$56.00 to C$57.00 and gave the company a "sector perform" rating in a report on Monday. Canadian Imperial Bank of Commerce dropped their price objective on Canadian Utilities from C$55.00 to C$52.00 in a research note on Tuesday, September 22nd. Finally, Royal Bank Of Canada dropped their price target on Canadian Utilities from C$63.00 to C$62.00 and set a "sector perform" rating for the company in a research note on Monday. One investment 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$54.86.

Canadian Utilities Stock Performance

TSE CU traded up C$0.93 on Tuesday, reaching C$52.95. 1,908,257 shares of the stock were exchanged, compared to its average volume of 633,674. Canadian Utilities has a one year low of C$40.87 and a one year high of C$56.90. The firm 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. The company's 50-day simple moving average is C$50.53 and its two-hundred day simple moving average is C$50.04. 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 - Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The company reported C$0.43 earnings per share for the quarter. The business had revenue of C$902.00 million during the quarter. Canadian Utilities had a net margin of 3.30% and a return on equity of 1.88%. Analysts expect that Canadian Utilities will post 2.41 EPS for the current fiscal 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.

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