Scotiabank Raises Earnings Estimates for Canadian Utilities

Canadian Utilities Limited (TSE:CU - Free Report) - Research analysts at Scotiabank increased their FY2024 earnings estimates for Canadian Utilities in a research note issued on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will earn $2.39 per share for the year, up from their previous forecast of $2.38. The consensus estimate for Canadian Utilities' current full-year earnings is $2.41 per share. Scotiabank also issued estimates for Canadian Utilities' FY2026 earnings at $2.54 EPS.

Separately, Royal Bank of Canada upped their price objective on Canadian Utilities from C$38.00 to C$39.00 in a research report on Friday, November 15th.

Canadian Utilities Price Performance

CU stock traded down C$0.19 on Friday, reaching C$34.09. The company had a trading volume of 977,509 shares, compared to its average volume of 509,563. The company has a debt-to-equity ratio of 149.94, a quick ratio of 1.30 and a current ratio of 1.29. The company's fifty day moving average is C$35.19 and its 200 day moving average is C$33.96. The company has a market cap of C$6.99 billion, a P/E ratio of 17.22, a PEG ratio of 2.38 and a beta of 0.66. Canadian Utilities has a 1 year low of C$29.15 and a 1 year high of C$37.10.

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.