Hydro One (TSE:H) Price Target Cut to C$39.00 by Analysts at CIBC

Hydro One (TSE:H) had its target price dropped by investment analysts at CIBC from C$40.00 to C$39.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 3.45% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Hydro One from C$39.00 to C$40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 14th. Raymond James upped their target price on shares of Hydro One from C$40.00 to C$41.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Royal Bank of Canada raised their price target on Hydro One from C$37.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Scotiabank upped their price objective on Hydro One from C$35.00 to C$40.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Finally, National Bankshares increased their target price on Hydro One from C$35.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 30th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$39.78.

Hydro One Price Performance

Shares of Hydro One stock traded down C$0.05 during trading on Friday, reaching C$37.70. The company’s stock had a trading volume of 153,553 shares, compared to its average volume of 884,331. The stock has a 50-day moving average price of C$40.02 and a two-hundred day moving average price of C$38.67. The company has a current ratio of 0.50, a quick ratio of 0.30 and a debt-to-equity ratio of 133.77. Hydro One has a one year low of C$32.79 and a one year high of C$41.69. The stock has a market capitalization of C$22.59 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.90 and a beta of 0.31.

Hydro One (TSE:H) last released its quarterly earnings results on Tuesday, February 13th. The company reported C$0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.30. The business had revenue of C$1.98 billion during the quarter. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. As a group, sell-side analysts anticipate that Hydro One will post 1.9103751 EPS for the current fiscal year.

Hydro One Company Profile

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.