Analysts Set Canadian Utilities Limited (TSE:CU) PT at C$40.07

Posted by on May 23rd, 2023

Shares of Canadian Utilities Limited (TSE:CU – Get Rating) have been given an average rating of “Hold” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$40.07.

Several analysts have issued reports on the stock. CIBC upped their price target on shares of Canadian Utilities from C$39.00 to C$40.00 in a report on Friday, April 28th. Scotiabank set a C$41.00 price target on Canadian Utilities and gave the stock a “sector perform” rating in a report on Thursday, February 9th. CSFB increased their price objective on Canadian Utilities from C$38.50 to C$40.50 in a research note on Thursday, January 26th. Veritas Investment Research upgraded shares of Canadian Utilities from a “sell” rating to a “buy” rating in a report on Thursday, March 9th. Finally, National Bankshares lifted their target price on shares of Canadian Utilities from C$34.00 to C$37.00 and gave the stock a “sector perform” rating in a research note on Friday, January 27th.

Canadian Utilities Stock Performance

CU opened at C$38.02 on Friday. The stock’s 50 day simple moving average is C$38.15 and its 200 day simple moving average is C$37.11. The stock has a market cap of C$7.66 billion, a P/E ratio of 16.60, a P/E/G ratio of 2.38 and a beta of 0.57. Canadian Utilities has a 1-year low of C$33.24 and a 1-year high of C$41.94. The company has a debt-to-equity ratio of 143.66, a current ratio of 1.05 and a quick ratio of 1.30.

Canadian Utilities (TSE:CU – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The company reported C$0.66 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.70 by C($0.04). Canadian Utilities had a net margin of 17.13% and a return on equity of 9.99%. The firm had revenue of C$1.11 billion during the quarter. As a group, equities analysts anticipate that Canadian Utilities will post 2.2954944 EPS for the current fiscal year.

Canadian Utilities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 4th will be paid a dividend of $0.449 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Wednesday, May 3rd. Canadian Utilities’s dividend payout ratio is currently 78.17%.

About Canadian Utilities

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Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, and retail energy businesses in the United States, Australia, and internationally. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.

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Analyst Recommendations for Canadian Utilities (TSE:CU)

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