Hydro One’s (H) “Market Perform” Rating Reiterated at Raymond James

Raymond James reissued their market perform rating on shares of Hydro One (TSE:H) in a report released on Monday morning, BayStreet.CA reports. The brokerage currently has a C$25.00 price objective on the stock. Raymond James also issued estimates for Hydro One’s Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.47 EPS.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity upped their price target on Hydro One from C$20.00 to C$21.50 in a research report on Monday, April 29th. National Bank Financial upped their price target on Hydro One from C$20.00 to C$24.00 and gave the company an underperform rating in a research report on Monday. BMO Capital Markets upped their price target on Hydro One from C$23.00 to C$24.00 in a research report on Wednesday, June 26th. CIBC upped their price target on Hydro One from C$22.00 to C$24.00 in a research report on Tuesday, July 23rd. Finally, TD Securities upped their price target on Hydro One from C$21.00 to C$22.00 and gave the company a hold rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Hydro One has a consensus rating of Hold and an average price target of C$23.39.

TSE H opened at C$23.89 on Monday. The firm’s 50-day simple moving average is C$23.29. Hydro One has a 52 week low of C$18.95 and a 52 week high of C$24.05. The stock has a market capitalization of $14.27 billion and a P/E ratio of -101.66. The company has a debt-to-equity ratio of 127.79, a quick ratio of 0.27 and a current ratio of 0.32.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.242 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This is a boost from Hydro One’s previous quarterly dividend of $0.23. This represents a $0.97 annualized dividend and a dividend yield of 4.05%. Hydro One’s dividend payout ratio is currently -396.38%.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 123,000 circuit kilometers of low-voltage distribution network.

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Analyst Recommendations for Hydro One (TSE:H)

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