Hydro One (TSE:H – Get Free Report) 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.
Read Our Latest Stock Report on H
Hydro One Trading Down 0.7 %
Hydro One (TSE:H – Get Free Report) 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.
Read More
- Five stocks we like better than Hydro One
- What Are Dividend Achievers? An Introduction
- Michael Burry’s Alibaba Bet and the Broader Market Implications
- Manufacturing Stocks Investing
- Jeff Brown’s Exegesis AI Stock Picks
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
Receive News & Ratings for Hydro One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hydro One and related companies with MarketBeat.com's FREE daily email newsletter.