Hydro One (TSE:H) Price Target Increased to C$42.00 by Analysts at BMO Capital Markets

Hydro One (TSE:H – Get Rating) had its target price raised by research analysts at BMO Capital Markets from C$40.00 to C$42.00 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 5.53% from the stock’s current price.

H has been the subject of several other reports. Scotiabank boosted their target price on shares of Hydro One from C$34.00 to C$36.00 in a research report on Monday, January 23rd. National Bankshares boosted their target price on shares of Hydro One from C$32.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Friday, January 27th. TD Securities upped their price target on shares of Hydro One from C$36.00 to C$37.00 and gave the stock a “hold” rating in a research report on Wednesday, February 15th. CIBC upped their price target on shares of Hydro One from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 10th. Finally, CSFB upped their price target on shares of Hydro One from C$36.00 to C$40.00 in a research report on Thursday, January 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$37.33.

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Hydro One Stock Performance

Shares of TSE H opened at C$39.80 on Thursday. The firm has a 50 day moving average of C$36.67 and a 200 day moving average of C$35.77. The company has a current ratio of 0.51, a quick ratio of 0.30 and a debt-to-equity ratio of 133.36. The firm has a market capitalization of C$23.83 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 4.42 and a beta of 0.25. Hydro One has a 12-month low of C$30.87 and a 12-month high of C$40.04.

Hydro One (TSE:H – Get Rating) last announced its earnings results on Tuesday, February 14th. The company reported C$0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.30. The company had revenue of C$1.86 billion during the quarter. Hydro One had a net margin of 13.50% and a return on equity of 9.46%. On average, research analysts anticipate that Hydro One will post 1.7486936 earnings per share for the current year.

About Hydro One

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Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution network.

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