Canadian Utilities (TSE:CU) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares crossed above their 200‑day moving average—the 200‑day MA is C$44.32 and the stock traded as high as C$48.37, last at C$48.19 on volume of 1,102,045 shares.
• Analysts have nudged up price targets but the consensus rating is Hold with a C$46.50 target, while fundamentals show a very high PE (321.27), heavy debt‑to‑equity (194.86) and modest net margin (3.22%).

Canadian Utilities Limited (TSE:CU - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$44.32 and traded as high as C$48.37. Canadian Utilities shares last traded at C$48.19, with a volume of 1,102,045 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CU shares. Royal Bank Of Canada lifted their target price on shares of Canadian Utilities from C$43.00 to C$49.00 and gave the company a "sector perform" rating in a research note on Friday, February 27th. National Bank Financial lifted their target price on shares of Canadian Utilities from C$43.00 to C$45.00 and gave the company a "sector perform" rating in a research note on Friday, February 27th. TD Securities lifted their target price on shares of Canadian Utilities from C$41.00 to C$47.00 and gave the company a "hold" rating in a research note on Tuesday, March 3rd. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Canadian Utilities from C$47.00 to C$51.00 in a research note on Monday, April 20th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$46.50.

Canadian Utilities Stock Performance

The company has a market capitalization of C$13.11 billion, a PE ratio of 321.27, a PEG ratio of 2.38 and a beta of 0.55. The business's 50-day moving average is C$48.34 and its 200-day moving average is C$44.32. The company has a debt-to-equity ratio of 194.86, a quick ratio of 1.30 and a current ratio of 1.56.

Canadian Utilities (TSE:CU - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.72 earnings per share (EPS) for the quarter. Canadian Utilities had a net margin of 3.22% and a return on equity of 1.74%. The company had revenue of C$971.00 million during the quarter. On average, research analysts anticipate that Canadian Utilities Limited will post 2.4063556 earnings per share 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.

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