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

Key Points

• Analysts maintain a “Hold” consensus on Canadian Utilities, with all seven covering brokerages assigning hold-equivalent ratings and an average one-year price target of C$53.57.
• Several firms raised their price targets, including RBC to C$58, while maintaining market- or sector-perform ratings.
• Shares opened at C$53.80, near the analyst average target, while the company reported quarterly revenue of C$914 million and EPS of C$0.51.

Shares of Canadian Utilities Limited (TSE:CU - Get Free Report) have been assigned a consensus rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$53.57.

Several brokerages recently issued reports on CU. BMO Capital Markets raised their target price on Canadian Utilities from C$50.00 to C$55.00 and gave the stock a "market perform" rating in a research report on Thursday, July 30th. Scotiabank increased their price target on 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. National Bank Financial raised their price objective on Canadian Utilities from C$51.00 to C$55.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. TD lifted their price objective on Canadian Utilities from C$48.00 to C$52.00 and gave the stock a "hold" rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada upped their target price on Canadian Utilities from C$50.00 to C$58.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th.

Canadian Utilities Trading Up 1.1%

Shares of TSE CU opened at C$53.80 on Friday. 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 has a 52-week low of C$37.13 and a 52-week high of C$56.90. The firm has a 50 day moving average price of C$53.19 and a two-hundred day moving average price of C$49.77. The stock has a market cap of C$14.65 billion, a P/E ratio of 336.25, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55.

Canadian Utilities (TSE:CU - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.51 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. As a group, equities analysts forecast that Canadian Utilities will post 2.4063556 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source