Hydro One (TSE:H) Stock Rating Lowered by Jefferies Financial Group

Hydro One (TSE:H) was downgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “moderate sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts have also commented on H. BMO Capital Markets upped their price objective on shares of Hydro One from C$55.00 to C$58.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. TD Securities boosted their price objective on Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. Raymond James Financial upped 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. Barclays dropped their price objective on shares of Hydro One from C$66.00 to C$63.00 in a report on Friday, April 10th. Finally, Scotia boosted their target price on 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. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$57.09.

Hydro One Trading Down 0.9%

Shares of TSE H opened at C$55.85 on Monday. The company has a debt-to-equity ratio of 149.17, a quick ratio of 0.30 and a current ratio of 0.54. The stock has a market cap of C$33.52 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 3.17 and a beta of 0.38. The business has a 50 day simple moving average of C$58.17 and a 200 day simple moving average of C$56.14. Hydro One has a 52 week low of C$47.54 and a 52 week high of C$60.46.

Hydro One (TSE:H) last posted its earnings results on Wednesday, May 13th. The company reported C$0.65 EPS for the quarter. Hydro One had a net margin of 14.78% and a return on equity of 10.87%. The firm had revenue of C$1.22 billion for the quarter. On average, research analysts predict that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

About Hydro One

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.