Hydro One (TSE:H)‘s stock had its “market perform” rating reissued by analysts at Raymond James in a research note issued to investors on Friday, BayStreet.CA reports. They presently have a C$25.00 target price on the stock. Raymond James’ price objective would indicate a potential upside of 5.80% from the stock’s previous close. Raymond James also issued estimates for Hydro One’s Q4 2019 earnings at $0.33 EPS, FY2019 earnings at $1.51 EPS and FY2020 earnings at $1.40 EPS.
A number of other research firms have also recently commented on H. CSFB upgraded Hydro One from a “neutral” rating to an “outperform” rating and raised their target price for the company from C$24.00 to C$27.00 in a research report on Monday, August 19th. National Bank Financial raised their target price on Hydro One from C$20.00 to C$24.00 and gave the company an “underperform” rating in a research report on Monday, August 12th. BMO Capital Markets raised their target price on Hydro One from C$24.00 to C$25.00 in a research report on Monday, September 9th. CIBC raised their target price on Hydro One from C$24.00 to C$25.00 in a research report on Wednesday, October 23rd. Finally, TD Securities raised their target price on Hydro One from C$22.00 to C$23.00 and gave the company a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$24.39.
TSE:H opened at C$23.63 on Friday. Hydro One has a 52 week low of C$19.20 and a 52 week high of C$25.06. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 130.07. The stock has a market capitalization of $14.19 billion and a PE ratio of -73.84. The stock’s 50-day moving average price is C$24.43 and its 200-day moving average price is C$23.48.
Hydro One (TSE:H) last posted its earnings results on Thursday, November 7th. The company reported C$0.40 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.36 by C$0.04. The business had revenue of C$1.59 billion for the quarter. Sell-side analysts expect that Hydro One will post 1.42 earnings per share for the current fiscal year.
About Hydro One
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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