Brokerages Set Canadian Utilities Limited (TSE:CU) Price Target at C$40.07

Canadian Utilities Limited (TSE:CU – Get Rating) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$40.07.

CU has been the topic of a number of recent research reports. CIBC upped their price target on Canadian Utilities from C$39.00 to C$40.00 in a research report on Friday, April 28th. Veritas Investment Research upgraded Canadian Utilities from a “sell” rating to a “buy” rating in a research report on Thursday, March 9th. CSFB boosted their price target on shares of Canadian Utilities from C$38.50 to C$40.50 in a research note on Thursday, January 26th. Scotiabank set a C$41.00 price objective on Canadian Utilities and gave the company a “sector perform” rating in a research report on Thursday, February 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 report on Friday, January 27th.

Canadian Utilities Price Performance

CU stock opened at C$38.02 on Friday. The stock has a market capitalization of C$7.66 billion, a PE ratio of 16.60, a price-to-earnings-growth 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’s 50-day moving average is C$38.15 and its 200-day moving average is C$37.11. 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 issued its quarterly earnings data on Thursday, March 2nd. The company reported C$0.66 EPS for the quarter, missing the consensus estimate of C$0.70 by C($0.04). The company had revenue of C$1.11 billion during the quarter. Canadian Utilities had a return on equity of 9.99% and a net margin of 17.13%. Equities research analysts expect that Canadian Utilities will post 2.2954944 EPS for the current fiscal year.

Canadian Utilities Announces Dividend

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

Canadian Utilities Company Profile

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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.