Canadian Imperial Bank of Commerce Has Lowered Expectations for Canadian Utilities (TSE:CU) Stock Price

Canadian Utilities (TSE:CU – Get Free Report) had its target price decreased by research analysts at Canadian Imperial Bank of Commerce from C$55.00 to C$52.00 in a report released on Tuesday, BayStreet reports. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 2.50% from the company’s previous close.

Several other equities research analysts have also recently weighed in on CU. National Bank Financial upped their target price on Canadian Utilities from C$51.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Scotiabank lifted their price objective on Canadian Utilities from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Royal Bank Of Canada upped their price objective on shares of Canadian Utilities from C$50.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. TD increased their target price on shares of Canadian Utilities from C$48.00 to C$52.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Finally, BMO Capital Markets raised their target price on shares of Canadian Utilities from C$50.00 to C$55.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Canadian Utilities has a consensus rating of “Hold” and an average target price of C$53.14.

Get Canadian Utilities alerts:

Check Out Our Latest Analysis on CU

Canadian Utilities Trading Up 0.5%

Shares of Canadian Utilities stock traded up C$0.23 on Tuesday, hitting C$50.73. 101,873 shares of the company traded hands, compared to its average volume of 587,327. The stock’s 50 day moving average price is C$52.84 and its 200-day moving average price is C$50.88. The company has a current ratio of 1.80, a quick ratio of 1.30 and a debt-to-equity ratio of 184.88. Canadian Utilities has a 52 week low of C$37.55 and a 52 week high of C$56.90. The company has a market cap of C$13.82 billion, a PE ratio of 317.06, a PEG ratio of 2.38 and a beta of 0.47.

Canadian Utilities (TSE:CU – Get Free Report) last announced 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. Equities research analysts predict that Canadian Utilities will post 2.4063556 EPS for the current year.

About Canadian Utilities

(Get Free Report)

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.

Read More

• Five stocks we like better than Canadian Utilities
• Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring
• AMD Chips Away at NVIDIA’s AI Throne
• Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?
• IonQ’s AI Breakthrough Looks Big—But Can It Drive Revenue?

Receive News & Ratings for Canadian Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Utilities and related companies with MarketBeat.com's FREE daily email newsletter.