Canadian Utilities Limited (TSE:CU) Receives C$37.50 Consensus Target Price from Analysts

Posted by on Oct 20th, 2023

Canadian Utilities Limited (TSE:CU – Get Free Report) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$36.38.

CU has been the topic of several research analyst reports. TD Securities upgraded shares of Canadian Utilities from a “hold” rating to a “buy” rating and set a C$37.00 price objective on the stock in a research report on Monday, October 2nd. CSFB reduced their price objective on Canadian Utilities from C$40.50 to C$40.00 and set a “neutral” rating for the company in a research note on Monday, July 24th. Royal Bank of Canada lowered their target price on Canadian Utilities from C$40.00 to C$36.00 and set a “sector perform” rating on the stock in a research note on Monday, September 11th. Scotiabank reduced their price target on shares of Canadian Utilities from C$37.00 to C$35.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, BMO Capital Markets dropped their price objective on shares of Canadian Utilities from C$38.00 to C$37.00 and set a “market perform” rating on the stock in a research note on Friday, September 8th.

Check Out Our Latest Report on CU

Canadian Utilities Stock Performance

TSE:CU opened at C$29.14 on Tuesday. Canadian Utilities has a twelve month low of C$28.13 and a twelve month high of C$39.87. The company has a current ratio of 1.43, a quick ratio of 1.30 and a debt-to-equity ratio of 142.91. The company has a 50-day moving average of C$30.82 and a 200-day moving average of C$34.26. The firm has a market cap of C$5.88 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 2.38 and a beta of 0.61.

Canadian Utilities (TSE:CU – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The company reported C$0.37 earnings per share for the quarter, missing the consensus estimate of C$0.43 by C($0.06). The business had revenue of C$879.00 million for the quarter. Canadian Utilities had a net margin of 16.21% and a return on equity of 9.33%. Analysts forecast that Canadian Utilities will post 2.2465753 earnings per share for the current fiscal year.

Canadian Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 2nd will be issued a $0.449 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date is Wednesday, November 1st. Canadian Utilities’s dividend payout ratio is presently 84.83%.

About Canadian Utilities

(Get Free Report

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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