Shares of Canadian Utilities Limited (TSE:CU) have earned a consensus rating of “Buy” from the eight analysts that are covering the company, reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$37.00.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Canadian Utilities from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 23rd. National Bank Financial reduced their price target on Canadian Utilities from C$42.00 to C$38.00 and set a “sector perform” rating on the stock in a report on Monday, May 4th. BMO Capital Markets increased their price target on Canadian Utilities from C$35.00 to C$36.00 in a report on Tuesday, June 23rd. TD Securities reduced their price target on Canadian Utilities from C$40.00 to C$39.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, CSFB upgraded Canadian Utilities from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$36.00 to C$37.50 in a report on Tuesday, June 23rd.

Canadian Utilities stock traded up C$0.98 during midday trading on Tuesday, reaching C$32.94. 392,676 shares of the stock traded hands, compared to its average volume of 645,952. The stock’s fifty day moving average is C$31.96 and its 200-day moving average is C$36.27. Canadian Utilities has a 12 month low of C$25.25 and a 12 month high of C$42.97. The stock has a market cap of $9.00 billion and a P/E ratio of 10.87. The company has a quick ratio of 2.16, a current ratio of 2.30 and a debt-to-equity ratio of 126.83.

Canadian Utilities (TSE:CU) last announced its quarterly earnings results on Friday, May 1st. The company reported C$0.93 EPS for the quarter, beating analysts’ consensus estimates of C$0.65 by C$0.28. The firm had revenue of C$1.06 billion for the quarter. On average, equities analysts predict that Canadian Utilities will post 2.06 EPS for the current fiscal year.

Canadian Utilities Company Profile

Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines and liquids, and retail energy businesses worldwide. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment provides electricity generation, transmission, distribution; and related infrastructure solutions in Alberta, Ontario, the Yukon, the Northwest Territories, in Canada, as well as in Australia and Mexico.

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Analyst Recommendations for Canadian Utilities (TSE:CU)

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