Canadian Utilities (TSE:CU) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Canadian Utilities (TSE:CU – Get Free Report) had its target price boosted by equities research analysts at BMO Capital Markets from C$50.00 to C$55.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential downside of 2.60% from the stock’s previous close.

Other research analysts have also issued reports about the company. Canadian Imperial Bank of Commerce lifted their target price on Canadian Utilities from C$53.00 to C$55.00 in a report on Thursday. 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. Royal Bank Of Canada raised their price objective on shares of Canadian Utilities from C$50.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Thursday. National Bank Financial lifted their price objective on shares of Canadian Utilities from C$51.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Scotiabank boosted their target price on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$53.57.

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Canadian Utilities Price Performance

TSE CU traded up C$1.53 on Thursday, reaching C$56.47. 249,809 shares of the stock traded hands, compared to its average volume of 573,813. Canadian Utilities has a 12 month low of C$37.13 and a 12 month high of C$56.58. The company has a market cap of C$15.38 billion, a price-to-earnings ratio of 564.70, a P/E/G ratio of 2.38 and a beta of 0.53. The firm’s fifty day simple moving average is C$52.26 and its 200 day simple moving average is C$48.94. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 186.03.

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 for the quarter. Canadian Utilities had a return on equity of 1.59% and a net margin of 2.90%. As a group, research analysts predict that Canadian Utilities will post 2.4063556 EPS for the current fiscal year.

Canadian Utilities Company Profile

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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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