Hydro One (TSE:H) Price Target Raised to C$40.50

Hydro One (TSE:HGet Free Report) had its price target raised by stock analysts at CIBC from C$39.00 to C$40.50 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective points to a potential downside of 1.17% from the stock’s previous close.

Several other equities research analysts have also recently commented on H. National Bankshares boosted their price target on shares of Hydro One from C$38.00 to C$39.00 in a research report on Wednesday. Royal Bank of Canada boosted their price objective on Hydro One from C$37.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. TD Securities boosted their price objective on Hydro One from C$37.00 to C$39.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Scotiabank cut their price objective on Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on Hydro One from C$39.00 to C$40.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hydro One has an average rating of “Hold” and an average target price of C$39.83.

Check Out Our Latest Report on Hydro One

Hydro One Price Performance

Hydro One stock traded up C$0.35 during midday trading on Wednesday, hitting C$40.98. The company’s stock had a trading volume of 227,574 shares, compared to its average volume of 845,244. The company has a quick ratio of 0.30, a current ratio of 0.50 and a debt-to-equity ratio of 133.77. The stock’s 50-day moving average price is C$39.49 and its 200-day moving average price is C$39.22. Hydro One has a 12 month low of C$32.79 and a 12 month high of C$41.69. The company has a market capitalization of C$24.55 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.90 and a beta of 0.29.

Hydro One (TSE:HGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, hitting the consensus estimate of C$0.30. Hydro One had a net margin of 13.83% and a return on equity of 9.45%. The firm had revenue of C$1.98 billion for the quarter. Analysts anticipate that Hydro One will post 1.9083782 earnings per share for the current fiscal year.

About Hydro One

(Get Free Report)

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.

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