Canadian Utilities Limited (TSE:CU) Stock Now Rated "Hold" by Sell-Side Brokerages

Shares of Canadian Utilities Limited (TSE:CU - Get Free Report) have earned a consensus recommendation of "Hold" from the seven analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$54.71.

A number of research firms have issued reports on CU. TD raised their price target on shares of Canadian Utilities from C$52.00 to C$57.00 and gave the stock a "buy" rating in a report on Wednesday, October 7th. BMO Capital Markets boosted their price objective on shares of 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. Canadian Imperial Bank of Commerce cut their target price on Canadian Utilities from C$55.00 to C$52.00 in a research report on Tuesday, September 22nd. National Bank Financial upped their target price on Canadian Utilities from C$55.00 to C$56.00 and gave the company a "sector perform" rating in a research report on Thursday, October 8th. Finally, Scotiabank raised their target price on 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.

Canadian Utilities Stock Performance

Shares of Canadian Utilities stock opened at C$50.17 on Thursday. The company has a 50 day moving average price of C$50.60 and a 200 day moving average price of C$49.70. The firm has a market capitalization of C$13.66 billion, a P/E ratio of 313.56, a PEG ratio of 2.38 and a beta of 0.36. The company has a quick ratio of 1.30, a current ratio of 1.80 and a debt-to-equity ratio of 184.88. Canadian Utilities has a 52 week low of C$38.88 and a 52 week high of C$56.90.

Canadian Utilities (TSE:CU - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported C$0.51 earnings per share 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. Sell-side analysts expect that Canadian Utilities will post 2.41 EPS 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.

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