Shares of Canadian Utilities Limited (TSE:CU – Get Free Report) have received a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 1-year price target among brokerages that have covered the stock in the last year is C$49.14.
CU has been the subject of several research reports. TD increased their price target on shares of Canadian Utilities from C$47.00 to C$48.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Royal Bank Of Canada upped their price objective on shares of Canadian Utilities from C$49.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Scotiabank increased their target price on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a report on Tuesday. National Bank Financial lifted their target price on shares of Canadian Utilities from C$46.00 to C$51.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. 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 report on Monday, April 20th.
Read Our Latest Stock Report on Canadian Utilities
Canadian Utilities Price Performance
Canadian Utilities (TSE:CU – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.89 EPS for the quarter. The business had revenue of C$1.08 billion during the quarter. Canadian Utilities had a net margin of 2.90% and a return on equity of 1.59%. As a group, sell-side analysts anticipate that Canadian Utilities will post 2.4063556 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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