Hydro One (TSE:H) was upgraded by analysts at Raymond James from an “underperform” rating to a “market perform” rating in a research note issued on Tuesday, BayStreet.CA reports. Raymond James also issued estimates for Hydro One’s Q1 2019 earnings at $0.51 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.26 EPS and FY2020 earnings at $1.48 EPS.
Other equities research analysts have also issued research reports about the stock. National Bank Financial lowered shares of Hydro One from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from C$23.00 to C$19.00 in a report on Friday, February 22nd. Royal Bank of Canada upped their target price on shares of Hydro One from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a report on Friday, February 22nd. Finally, CIBC raised shares of Hydro One from an “underperform” rating to a “neutral” rating and upped their target price for the stock from C$20.00 to C$21.00 in a report on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$20.78.
Shares of H stock opened at C$21.40 on Tuesday. Hydro One has a 52-week low of C$18.57 and a 52-week high of C$21.63. The firm has a market capitalization of $12.72 billion and a PE ratio of -142.67. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 129.11.
Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 123,000 circuit kilometers of low-voltage distribution network.
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