Hydro One Ltd (TSE:H) Receives C$23.39 Average Price Target from Analysts

Shares of Hydro One Ltd (TSE:H) have received a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$23.72.

Several brokerages have recently commented on H. Canaccord Genuity increased their price target on shares of Hydro One from C$20.00 to C$21.50 in a research note on Monday, April 29th. CSFB upgraded shares of Hydro One from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$24.00 to C$27.00 in a research note on Monday. BMO Capital Markets increased their price target on shares of Hydro One from C$23.00 to C$24.00 in a research note on Wednesday, June 26th. CIBC increased their price target on shares of Hydro One from C$22.00 to C$24.00 in a research note on Tuesday, July 23rd. Finally, TD Securities increased their price target on shares of Hydro One from C$21.00 to C$22.00 and gave the stock a “hold” rating in a research note on Monday, August 12th.

Shares of H stock traded up C$0.41 during mid-day trading on Monday, hitting C$24.35. 857,150 shares of the stock were exchanged, compared to its average volume of 746,252. The stock’s fifty day simple moving average is C$23.42 and its two-hundred day simple moving average is C$22.00. The stock has a market capitalization of $14.27 billion and a price-to-earnings ratio of -76.09. Hydro One has a 12-month low of C$18.95 and a 12-month high of C$24.39. The company has a debt-to-equity ratio of 130.07, a quick ratio of 0.36 and a current ratio of 0.41.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.242 per share. This is a positive change from Hydro One’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.97 annualized dividend and a dividend yield of 3.98%. Hydro One’s dividend payout ratio is -291.09%.

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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Analyst Recommendations for Hydro One (TSE:H)

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