Hydro One (H) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Hydro One (TSE: H):

  • 5/10/2019 – Hydro One had its price target raised by analysts at Royal Bank of Canada from C$22.00 to C$23.00. They now have a “sector perform” rating on the stock.
  • 5/10/2019 – Hydro One had its price target raised by analysts at Raymond James from C$20.00 to C$23.00. They now have a “market perform” rating on the stock.
  • 5/10/2019 – Hydro One had its price target raised by analysts at BMO Capital Markets from C$22.00 to C$23.00.
  • 4/29/2019 – Hydro One had its price target raised by analysts at Canaccord Genuity from C$20.00 to C$21.50.
  • 4/25/2019 – Hydro One had its price target raised by analysts at CSFB from C$19.00 to C$20.00.
  • 4/24/2019 – Hydro One had its price target raised by analysts at CIBC from C$21.00 to C$22.00.
  • 4/23/2019 – Hydro One was upgraded by analysts at Raymond James from an “underperform” rating to a “market perform” rating.
  • 4/3/2019 – Hydro One was upgraded by analysts at CIBC from an “underperform” rating to a “neutral” rating. They now have a C$21.00 price target on the stock, up previously from C$20.00.

Shares of Hydro One stock remained flat at $C$22.45 during trading on Monday. The stock had a trading volume of 635,100 shares, compared to its average volume of 770,930. 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 firm has a market capitalization of $13.38 billion and a price-to-earnings ratio of -95.53. Hydro One Ltd has a twelve month low of C$18.57 and a twelve month high of C$22.50.

Hydro One (TSE:H) last announced its quarterly earnings data on Thursday, February 21st. The company reported C$0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.28 by C$0.01. The firm had revenue of C$1.56 billion during the quarter. As a group, equities research analysts expect that Hydro One Ltd will post 1.3999999376392 EPS for the current year.

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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