Hydro One Ltd (H) to Post FY2016 Earnings of $1.22 Per Share, Raymond James Financial Forecasts
Hydro One Ltd (TSE:H) – Investment analysts at Raymond James Financial boosted their FY2016 EPS estimates for shares of Hydro One in a research report issued to clients and investors on Monday. Raymond James Financial analyst F. Bastien now anticipates that the brokerage will post earnings of $1.22 per share for the year, up from their prior forecast of $1.18. Raymond James Financial also issued estimates for Hydro One’s FY2017 earnings at $1.25 EPS.
H has been the subject of several other reports. RBC Capital Markets boosted their price target on shares of Hydro One from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. Scotiabank boosted their price target on shares of Hydro One from C$24.50 to C$25.50 and gave the stock a “sector perform” rating in a research note on Monday, August 15th. TD Securities lowered their price target on shares of Hydro One from C$25.00 to C$24.00 and set a “hold” rating for the company in a research note on Monday. National Bank Financial raised shares of Hydro One from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from C$28.00 to C$27.00 in a research note on Monday. Finally, Barclays PLC lowered their price target on shares of Hydro One from C$26.00 to C$24.00 in a research note on Monday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Hydro One currently has an average rating of “Buy” and an average price target of C$26.05.
Shares of Hydro One (TSE:H) opened at 23.17 on Tuesday. The firm has a market capitalization of $13.79 billion and a P/E ratio of 18.61. The firm’s 50-day moving average price is $24.47 and its 200-day moving average price is $25.06. Hydro One has a one year low of $21.53 and a one year high of $26.80.
Hydro One Company Profile
Hydro One Limited is an electricity transmission and distribution utility. The Company transmits and distributes electricity across the Province of Ontario. It operates through three segments: Transmission Business, Distribution Business and Other Business. Its Transmission Business comprises the business of transmitting high voltage electricity across the province, interconnecting over 70 local distribution companies and certain directly connected industrial customers throughout the Ontario electricity grid.
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