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

Key Points

• Analysts maintain a cautious stance: All seven analysts covering Canadian Utilities rate the stock “Hold,” with an average 12-month price target of C$53.57.
• Several major brokerages recently raised their targets to between C$52 and C$55 while retaining neutral ratings such as “sector perform,” “market perform,” or “hold.”
• Canadian Utilities opened at C$51.17, with a C$13.94 billion market capitalization, after reporting quarterly EPS of C$0.51 and revenue of C$914 million.

Canadian Utilities Limited (TSE:CU - Get Free Report) has been assigned an average rating of "Hold" from the seven ratings firms that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is C$53.57.

CU has been the subject of several recent research reports. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Utilities from C$53.00 to C$55.00 in a research report on Thursday, July 30th. Scotiabank lifted their price target on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 21st. BMO Capital Markets lifted their price target on shares of Canadian Utilities from C$50.00 to C$55.00 and gave the stock a "market perform" rating in a research note on Thursday, July 30th. National Bank Financial boosted their price objective on shares of Canadian Utilities from C$51.00 to C$55.00 and gave the company a "sector perform" rating in a research report on Thursday, July 30th. Finally, TD upped 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.

Canadian Utilities Price Performance

TSE CU opened at C$51.17 on Wednesday. The stock has a market capitalization 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. Canadian Utilities has a 1-year low of C$37.13 and a 1-year high of C$56.90. The company has a debt-to-equity ratio of 184.88, a current ratio of 1.80 and a quick ratio of 1.30. The business's fifty day moving average price is C$53.21 and its 200-day moving average price is C$50.69.

Canadian Utilities (TSE:CU - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.51 EPS for the quarter. The company had revenue of C$914.00 million during the quarter. Canadian Utilities had a return on equity of 1.88% and a net margin of 3.30%. On average, equities analysts predict 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.

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.