Jefferies Financial Group Lowers Hydro One (TSE:H) Price Target to C$50.00

Hydro One (TSE:H) had its target price decreased by Jefferies Financial Group from C$52.00 to C$50.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential downside of 5.73% from the company’s previous close.

H has been the subject of several other reports. CIBC upped their price objective on Hydro One from C$52.00 to C$54.00 in a research report on Tuesday, October 21st. National Bankshares lifted their target price on shares of Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. Scotiabank lifted their target price on Hydro One from C$51.00 to C$53.00 in a report on Tuesday, December 16th. Finally, Raymond James Financial lifted their price objective on Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$53.05.

Hydro One Trading Down 1.4%

Shares of Hydro One stock traded down C$0.77 during trading on Wednesday, hitting C$53.04. 186,605 shares of the company were exchanged, compared to its average volume of 735,868. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30. The firm has a market capitalization of C$31.81 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 3.17 and a beta of 0.21. The firm’s fifty day moving average price is C$53.69 and its 200 day moving average price is C$51.53. Hydro One has a 1-year low of C$43.30 and a 1-year high of C$55.47.

Hydro One (TSE:H) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.70 earnings per share for the quarter. The business had revenue of C$1.22 billion for the quarter. Hydro One had a net margin of 13.59% and a return on equity of 9.58%. As a group, sell-side analysts expect that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.