Hydro One (TSE:H) Price Target Raised to C$44.00

Hydro One (TSE:H) had its target price lifted by analysts at BMO Capital Markets from C$42.00 to C$44.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential downside of 4.74% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. CIBC boosted their price objective on shares of Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Finally, National Bankshares upped their price objective on Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$42.25.

Hydro One Stock Down 0.2 %

H stock opened at C$46.19 on Thursday. The business has a 50 day moving average of C$42.91 and a 200 day moving average of C$40.84. The firm has a market cap of C$27.69 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 3.14 and a beta of 0.34. Hydro One has a twelve month low of C$32.79 and a twelve month high of C$46.62. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11.

Hydro One (TSE:H) last released its earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.01. The firm had revenue of C$2.03 billion for the quarter. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. On average, research analysts forecast that Hydro One will post 1.9427481 EPS for the current fiscal year.

About Hydro One

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.