Janney Montgomery Scott upgraded shares of UNITIL (NYSE:UTL) to a buy rating in a research report sent to investors on Monday, January 1st. They currently have $50.00 price target on the utilities provider’s stock.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of UNITIL from a hold rating to a buy rating and set a $58.00 price objective on the stock in a report on Wednesday, November 1st. Royal Bank of Canada reiterated a hold rating and issued a $47.00 target price on shares of UNITIL in a report on Monday, September 18th. Finally, Bank of America initiated coverage on shares of UNITIL in a report on Monday, December 18th. They issued a neutral rating and a $49.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $51.00.
UNITIL (NYSE UTL) traded down $0.52 during trading on Monday, hitting $44.17. 55,700 shares of the company were exchanged, compared to its average volume of 76,242. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 1.04. UNITIL has a 52 week low of $43.03 and a 52 week high of $52.84. The firm has a market cap of $658.05, a P/E ratio of 22.09, a PEG ratio of 5.25 and a beta of 0.20.
UNITIL (NYSE:UTL) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. UNITIL had a net margin of 7.09% and a return on equity of 9.39%. The company had revenue of $475.20 million for the quarter, compared to the consensus estimate of $82.80 million. During the same quarter in the previous year, the company earned $0.25 EPS. UNITIL’s quarterly revenue was down 3.4% compared to the same quarter last year. analysts anticipate that UNITIL will post 2.03 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. bought a new position in UNITIL during the fourth quarter valued at about $2,816,000. Neuberger Berman Group LLC bought a new position in UNITIL during the third quarter valued at about $204,000. California Public Employees Retirement System grew its position in UNITIL by 84.8% during the third quarter. California Public Employees Retirement System now owns 16,263 shares of the utilities provider’s stock valued at $804,000 after buying an additional 7,463 shares during the period. Magnetar Financial LLC bought a new position in UNITIL during the third quarter valued at about $204,000. Finally, Allianz Asset Management GmbH bought a new position in UNITIL during the third quarter valued at about $343,000. Institutional investors own 58.18% of the company’s stock.
UNITIL Company Profile
Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.
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