Hydro One (TSE:H) Price Target Cut to C$38.00

Hydro One (TSE:H) had its target price cut by equities researchers at Scotiabank from C$40.00 to C$38.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 0.34% from the stock’s previous close.

A number of other research analysts have also commented on the company. CIBC decreased their price objective on Hydro One from C$40.00 to C$39.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Raymond James increased their price objective on Hydro One from C$40.00 to C$41.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Wells Fargo & Company increased their price objective on Hydro One from C$39.00 to C$40.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. TD Securities raised their price target on Hydro One from C$37.00 to C$39.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada raised their price target on Hydro One from C$37.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$39.56.

Hydro One Trading Down 0.4 %

Shares of H opened at C$37.87 on Monday. The stock has a market cap of C$22.69 billion, a PE ratio of 20.92, a PEG ratio of 2.90 and a beta of 0.31. Hydro One has a 1 year low of C$32.79 and a 1 year high of C$41.69. The stock has a 50 day simple moving average of C$39.94 and a 200-day simple moving average of C$38.79. The company has a current ratio of 0.50, a quick ratio of 0.30 and a debt-to-equity ratio of 133.77.

Hydro One (TSE:H) last released its quarterly earnings results on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, hitting analysts’ consensus estimates of C$0.30. The business had revenue of C$1.98 billion for the quarter. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. On average, sell-side analysts predict that Hydro One will post 1.9103751 EPS for the current fiscal year.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.