Hydro One (H) Upgraded to “Market Perform” by Raymond James

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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 (TSE:H) last announced its quarterly earnings data on Thursday, February 21st. The company reported C$0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.01. The business had revenue of C$1.56 billion during the quarter. As a group, equities research analysts forecast that Hydro One will post 1.40000002616822 earnings per share for the current year.

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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Analyst Recommendations for Hydro One (TSE:H)

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