Hydro One (TSE:H – Get Free Report) had its price objective reduced by analysts at Scotiabank from C$40.00 to C$38.00 in a research note issued on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 0.34% from the stock’s previous close.
Several other research analysts have also recently issued reports on H. Royal Bank of Canada lifted their target price on shares of Hydro One from C$37.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. National Bankshares lifted their target price on shares of Hydro One from C$35.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 30th. Raymond James boosted their price objective on shares of Hydro One from C$40.00 to C$41.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. CIBC decreased their price objective on shares of Hydro One from C$40.00 to C$39.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Finally, TD Securities boosted their price objective on shares of Hydro One from C$37.00 to C$39.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$39.56.
Get Our Latest Stock Analysis on H
Hydro One Trading Down 0.4 %
Hydro One (TSE:H – Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported C$0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.30. The business had revenue of C$1.98 billion during the quarter. Hydro One had a net margin of 13.83% and a return on equity of 9.45%. Sell-side analysts anticipate that Hydro One will post 1.9103751 EPS for the current year.
About Hydro One
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.
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