Hydro One (TSE:H) Stock Price Expected to Rise, National Bank Financial Analyst Says

Hydro One (TSE:H) had its price objective upped by research analysts at National Bank Financial from C$56.00 to C$61.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 8.85% from the company’s previous close.

Several other brokerages have also commented on H. BMO Capital Markets upped their target price on 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. Barclays cut their target price on Hydro One from C$66.00 to C$63.00 in a research report on Friday, April 10th. TD upped their target price on Hydro One from C$57.00 to C$58.00 and gave the company a “hold” rating in a research report on Thursday, May 14th. Scotia upped their target price on Hydro One from C$53.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Finally, 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 report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hydro One has an average rating of “Hold” and an average price target of C$57.09.

Hydro One Trading Down 1.2%

Shares of TSE H traded down C$0.66 during trading on Monday, reaching C$56.04. The company had a trading volume of 618,137 shares, compared to its average volume of 1,185,058. Hydro One has a 12 month low of C$47.54 and a 12 month high of C$60.46. The company has a quick ratio of 0.30, a current ratio of 0.54 and a debt-to-equity ratio of 149.17. The company’s fifty day moving average price is C$58.22 and its 200-day moving average price is C$56.11. The stock has a market cap of C$33.63 billion, a P/E ratio of 24.58, a PEG ratio of 3.17 and a beta of 0.38.

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