Canadian Utilities (TSE:CU) PT Raised to C$40.50

Canadian Utilities (TSE:CU – Get Rating) target price was raised from C$38.50 to C$40.50 by analysts at CSFB in a report published Thursday, reports BayStreet.CA. CSFB’s price target would indicate a potential upside of 9.08% from the company’s current price.

CU has been the subject of several other research reports. National Bankshares lowered its price target on shares of Canadian Utilities to $33.00 from $40.00 in a research note on Tuesday, October 25. The Royal Bank of Canada raised its target price on shares of Canadian Utilities to CAD43.00 from CAD42.00 and rated the stock “Sector Perform” in a research note on Thursday, October 6th. BMO Capital Markets raised its price target for shares of Canadian Utilities from C$38.00 to C$39.00 in a research note on Thursday, October 6th. Credit Suisse Group lowered its target price on shares of Canadian Utilities to C$40.00 and gave the stock a neutral rating in a research note on Tuesday, October 25. Finally, on Tuesday, January 10, CIBC raised its price target for Canadian Utilities shares from $37.00 to $38.00 in a research note. Five analysts have given the stock a hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of CAD$39.50.

Price history of Canadian utilities

Canadian Utilities shares opened at CAD$37.13 on Thursday. The company’s 50-day moving average price is $37.10 and its 200-day moving average price is $37.92. Canadian Utilities has a 1 year low of C$33.24 and a 1 year high of C$41.94. The stock has a market cap of $10.01 billion and a P/E of 16.95. The company has a debt to equity ratio of 138.64, a quick ratio of 1.30 and a current ratio of 1.51.

Canadian Utilities (TSE:CU – Get Rating) last announced its earnings results on Thursday, October 27th. The company reported earnings per share (EPS) of $0.45 for the quarter, beating the consensus estimate of $0.39 by $0.06. The Company had revenue of $898.00 million for the quarter. As a group, equity analysts expect Canadian Utilities to report fiscal year-to-date earnings per share of $2.2899999. About Canadian utilities

(received rating)

Canadian Utilities Limited, together with its subsidiaries, is engaged in the electricity, natural gas and retail energy businesses in the United States, Australia and internationally. It operates through the Utilities, Energy Infrastructure and Corporates & Other segments. The Utilities segment provides regulated power transmission and distribution services in north 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.