Barclays Has Lowered Expectations for Hydro One (TSE:H) Stock Price

Hydro One (TSE:H – Get Free Report) had its price objective reduced by Barclays from C$63.00 to C$61.00 in a report issued on Thursday,BayStreet.CA reports. Barclays‘s price target points to a potential upside of 8.18% from the company’s previous close.

A number of other equities analysts also recently commented on H. Scotia lifted their price objective on shares of Hydro One from C$53.00 to C$58.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Jefferies Financial Group cut shares of Hydro One from a “hold” rating to a “moderate sell” rating in a report on Monday, June 1st. Raymond James Financial lifted their target price on Hydro One from C$57.00 to C$58.00 and gave the company a “market perform” rating in a research note on Tuesday, April 28th. BMO Capital Markets upped their target price on Hydro One from C$55.00 to C$58.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Finally, TD upped their target price on Hydro One from C$57.00 to C$58.00 and gave the company a “hold” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$57.09.

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Hydro One Stock Down 0.6%

Shares of H stock traded down C$0.36 during trading hours on Thursday, hitting C$56.39. 373,971 shares of the company were exchanged, compared to its average volume of 1,256,641. The company has a debt-to-equity ratio of 149.17, a quick ratio of 0.30 and a current ratio of 0.54. Hydro One has a one year low of C$48.22 and a one year high of C$60.57. The business’s 50-day simple moving average is C$57.92 and its two-hundred day simple moving average is C$57.66. The stock has a market capitalization of C$33.84 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 3.17 and a beta of 0.35.

Hydro One (TSE:H – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.62 EPS for the quarter. Hydro One had a return on equity of 10.87% and a net margin of 14.78%.The business had revenue of C$1.23 billion during the quarter. Sell-side analysts predict that Hydro One will post 2.0572195 EPS for the current fiscal year.

About Hydro One

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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.

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