Hydro One (TSE:H) Lowered to Market Perform at BMO Capital Markets

Hydro One (TSE:H) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports.

H has been the topic of several other reports. Scotiabank cut their target price 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. National Bankshares boosted their target price on shares of Hydro One from C$39.00 to C$40.00 in a research note on Thursday. Finally, CIBC raised their price target on shares of Hydro One from C$41.00 to C$44.00 in a research note on Thursday. Nine analysts have rated the stock with a hold rating, According to MarketBeat.com, Hydro One currently has a consensus rating of “Hold” and an average price target of C$40.33.

Hydro One Trading Down 0.7 %

Shares of H stock traded down C$0.31 on Thursday, reaching C$44.09. The company had a trading volume of 363,446 shares, compared to its average volume of 966,662. The stock has a market cap of C$26.43 billion, a PE ratio of 24.09, a PEG ratio of 2.90 and a beta of 0.29. The company has a 50-day moving average of C$41.01 and a 200-day moving average of C$40.24. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 141.04. Hydro One has a 12 month low of C$32.79 and a 12 month high of C$44.68.

Hydro One (TSE:H) last released its earnings results on Tuesday, May 14th. The company reported C$0.49 EPS for the quarter, beating the consensus estimate of C$0.48 by C$0.01. The firm had revenue of C$2.17 billion for the quarter. Hydro One had a return on equity of 9.45% and a net margin of 13.81%. On average, equities analysts forecast that Hydro One will post 1.9169847 earnings per share for the current year.

Hydro One Company Profile

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.