Analysts Issue Forecasts for Canadian Utilities Limited’s FY2022 Earnings (TSE:CU)

Canadian Utilities Limited (TSE:CUGet Rating) – Research analysts at National Bank Financial lifted their FY2022 EPS estimates for shares of Canadian Utilities in a research note issued on Monday, August 1st. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $2.37 per share for the year, up from their prior estimate of $2.30. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.24 per share. National Bank Financial also issued estimates for Canadian Utilities’ FY2023 earnings at $2.45 EPS.

CU has been the topic of a number of other research reports. CIBC lifted their target price on shares of Canadian Utilities from C$40.00 to C$41.00 in a research note on Thursday, July 21st. Credit Suisse Group lowered their target price on shares of Canadian Utilities from C$41.00 to C$40.00 in a research note on Friday, July 22nd. National Bankshares lifted their price target on shares of Canadian Utilities from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a report on Tuesday. CSFB reduced their price target on shares of Canadian Utilities from C$41.00 to C$40.00 in a report on Friday, July 22nd. Finally, Royal Bank of Canada lifted their price target on shares of Canadian Utilities from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a report on Friday, July 29th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Canadian Utilities currently has a consensus rating of “Hold” and an average price target of C$39.50.

Canadian Utilities Stock Down 3.8 %

CU opened at C$39.67 on Wednesday. The company has a debt-to-equity ratio of 135.27, a quick ratio of 1.18 and a current ratio of 1.30. Canadian Utilities has a fifty-two week low of C$33.86 and a fifty-two week high of C$41.94. The firm’s fifty day moving average is C$39.16 and its 200 day moving average is C$38.02. The stock has a market cap of C$10.69 billion and a price-to-earnings ratio of 25.93.

Insider Transactions at Canadian Utilities

In other news, Director Robert John Normand sold 1,500 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of C$39.78, for a total value of C$59,670.00. Following the sale, the director now directly owns 24,320 shares in the company, valued at approximately C$967,449.60. Insiders have sold a total of 3,200 shares of company stock worth $126,461 in the last three months.

Canadian Utilities Company Profile

(Get Rating)

Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. 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.

Featured Articles

Earnings History and Estimates for Canadian Utilities (TSE:CU)

Want More Great Investing Ideas?

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.