Canadian Utilities (TSE:CU – Get Free Report) had its price objective boosted by analysts at BMO Capital Markets from C$35.50 to C$37.00 in a research note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 7.12% from the stock’s current price.
Several other research firms have also issued reports on CU. National Bankshares lifted their target price on shares of Canadian Utilities from C$34.00 to C$37.00 in a report on Friday, August 23rd. CIBC upped their price target on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Scotiabank raised their price objective on shares of Canadian Utilities from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Canadian Utilities presently has an average rating of “Hold” and a consensus price target of C$36.17.
View Our Latest Analysis on Canadian Utilities
Canadian Utilities Price Performance
Canadian Utilities (TSE:CU – Get Free Report) last posted its earnings results on Friday, August 2nd. The company reported C$0.43 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.01. The firm had revenue of C$860.00 million for the quarter. Canadian Utilities had a return on equity of 8.72% and a net margin of 16.43%. On average, sell-side analysts forecast that Canadian Utilities will post 2.4100069 EPS for the current year.
About Canadian Utilities
Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.
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