Unitil Corporation (UTL) is Upgraded by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 38

Unitil Corporation (UTL) was Upgraded by RBC Capital Mkts to ” Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 38 from a previous price target of $37 . Earlier the firm had a rating of “Underperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Apr 25, 2016.

On the company’s financial health, Unitil Corporation reported $0.78 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.84.Analysts expectations of $ 175.90.During the same quarter in the previous year, the company posted $0.98 EPS.

Unitil Corporation opened for trading at $36.8 and hit $37.48 on the upside on Friday, eventually ending the session at $37.1, with a gain of 0.95% or 0.35 points. The heightened volatility saw the trading volume jump to 67,656 shares. Company has a market cap of $521 M.

In a different news, on Mar 24, 2016, David P Brownell (director) purchased 500 shares at $41.24 per share price. According to the SEC, on Jun 4, 2015, Michael B Green (director) purchased 355 shares at $33.80 per share price.

Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the distribution of electricity and natural gas. The Company operates in three segments: utility gas operations utility electric operations and non-regulated. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capitol 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. It has three distribution utility subsidiaries Unitil Energy which operates in New Hampshire Fitchburg which operates in Massachusetts and Northern Utilities which operates in New Hampshire and Maine.

Unitil Corporation

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