Hydro One (TSE:H) Downgraded to Moderate Sell Rating by Jefferies Financial Group

Hydro One (TSE:H) was downgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “moderate sell” rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Raymond James Financial boosted their price objective on shares of Hydro One from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 28th. TD boosted their price objective on shares of Hydro One from C$57.00 to C$58.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th. TD Securities boosted their price objective on shares of Hydro One from C$56.00 to C$57.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Barclays decreased their price objective on shares of Hydro One from C$66.00 to C$63.00 in a research report on Friday, April 10th. Finally, BMO Capital Markets boosted their price objective on shares of Hydro One from C$55.00 to C$58.00 and gave the stock a “market perform” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$57.09.

Hydro One Price Performance

Hydro One stock opened at C$55.85 on Monday. Hydro One has a 52 week low of C$47.54 and a 52 week high of C$60.46. The company has a quick ratio of 0.30, a current ratio of 0.54 and a debt-to-equity ratio of 149.17. The firm’s 50-day simple moving average is C$58.17 and its 200 day simple moving average is C$56.14. The firm has a market capitalization of C$33.52 billion, a PE ratio of 24.50, a P/E/G ratio of 3.17 and a beta of 0.38.

Hydro One (TSE:H) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.65 EPS for the quarter. Hydro One had a net margin of 14.78% and a return on equity of 10.87%. The business had revenue of C$1.22 billion for the quarter. On average, equities research analysts predict that Hydro One will post 2.0572195 EPS 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.