Hydro One (H) Price Target Raised to C$23.00

Hydro One (TSE:H) had its price target increased by Royal Bank of Canada from C$22.00 to C$23.00 in a research report released on Friday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

H has been the topic of a number of other research reports. CIBC upped their price target on shares of Hydro One from C$21.00 to C$22.00 in a research report on Wednesday, April 24th. Raymond James reaffirmed a market perform rating on shares of Hydro One in a research report on Wednesday, February 13th. National Bank Financial cut shares of Hydro One from a sector perform rating to an underperform rating and cut their price target for the company from C$23.00 to C$19.00 in a research report on Friday, February 22nd. Canaccord Genuity upped their price target on shares of Hydro One from C$20.00 to C$21.50 in a research report on Monday, April 29th. Finally, CSFB upped their price target on shares of Hydro One from C$19.00 to C$20.00 in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of C$21.55.

Shares of H opened at C$21.97 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.27 and a debt-to-equity ratio of 127.53. The firm has a market cap of $13.06 billion and a price-to-earnings ratio of -92.70. Hydro One has a 12 month low of C$18.57 and a 12 month high of C$22.00.

Hydro One (TSE:H) last issued its quarterly earnings results on Thursday, February 21st. The company reported C$0.29 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.28 by C$0.01. The firm had revenue of C$1.56 billion for the quarter. As a group, sell-side analysts predict that Hydro One will post 1.39999991054314 EPS for the current year.

About Hydro One

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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