Canadian Utilities Limited (TSE:CU) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analyst consensus is “Hold”: All seven covering analysts rate Canadian Utilities as a hold, with an average 12-month price target of C$53.14.
• Several firms raised their price targets, including RBC to C$58, BMO and National Bank Financial to C$55, Scotiabank to C$53, and TD to C$52.
• Canadian Utilities reported quarterly EPS of C$0.51 on revenue of C$914 million; shares opened at C$51.42, while the company reported low profitability with a 3.30% net margin and 1.88% return on equity.

Shares of Canadian Utilities Limited (TSE:CU - Get Free Report) have been assigned an average recommendation of "Hold" from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have covered the stock in the last year is C$53.14.

CU has been the subject of several research analyst reports. BMO Capital Markets upped their price objective 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. Royal Bank Of Canada lifted their target price on Canadian Utilities from C$50.00 to C$58.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. Scotiabank boosted 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 report on Tuesday, July 21st. TD upped their price target on shares of Canadian Utilities from C$48.00 to C$52.00 and gave the company a "hold" rating in a report on Thursday, July 30th. Finally, National Bank Financial upped their price target on shares of Canadian Utilities from C$51.00 to C$55.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th.

Canadian Utilities Stock Performance

CU opened at C$51.42 on Friday. The company has a market capitalization of C$14.00 billion, a price-to-earnings ratio of 321.38, a price-to-earnings-growth ratio of 2.38 and a beta of 0.47. The company has a debt-to-equity ratio of 184.88, a current ratio of 1.80 and a quick ratio of 1.30. Canadian Utilities has a 1-year low of C$38.51 and a 1-year high of C$56.90. The business has a 50 day moving average price of C$52.15 and a two-hundred day moving average price of C$51.02.

Canadian Utilities (TSE:CU - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.51 earnings per share (EPS) for the quarter. Canadian Utilities had a return on equity of 1.88% and a net margin of 3.30%.The firm had revenue of C$914.00 million during the quarter. Research analysts predict that Canadian Utilities will post 2.4063556 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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