Hydro One (TSE:H) Rating Lowered to Neutral at CIBC

Hydro One (TSE:H – Get Rating) was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating in a research note issued on Friday, BayStreet.CA reports. They currently have a C$41.00 price objective on the stock, up from their previous price objective of C$39.00. CIBC’s price objective points to a potential upside of 2.60% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company reiterated an “equal weight” rating on shares of Hydro One in a research note on Wednesday. TD Securities upped their price target on shares of Hydro One from C$36.00 to C$37.00 and gave the company a “hold” rating in a research report on Wednesday, February 15th. 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. Scotiabank upped their price target on shares of Hydro One from C$34.00 to C$36.00 in a research report on Monday, January 23rd. Finally, BMO Capital Markets increased their target price on shares of Hydro One from C$40.00 to C$42.00 in a report on Thursday, April 6th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$37.56.

Get Hydro One alerts:

Hydro One Stock Up 0.5 %

Shares of TSE H opened at C$39.96 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.51 and a debt-to-equity ratio of 133.36. Hydro One has a 52 week low of C$30.87 and a 52 week high of C$40.68. The firm’s fifty day moving average is C$37.51 and its 200 day moving average is C$36.17. The company has a market cap of C$23.92 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 4.42 and a beta of 0.24.

Hydro One (TSE:H – Get Rating) last issued its quarterly earnings data on Tuesday, February 14th. The company reported C$0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.30. The business had revenue of C$1.86 billion for the quarter. Hydro One had a net margin of 13.50% and a return on equity of 9.46%. On average, equities research analysts expect that Hydro One will post 1.7252604 earnings per share for the current year.

Hydro One Company Profile

(Get Rating)

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.

See Also

• MarketBeat Week in Review – 4/17 – 4/21
• 2 Industrial Strength Dividend Stocks Melting Up 
• Proctor & Gamble Is Going To Set A New High 
• AutoNation’s Plans are Keeping Analysts Around
• Netflix Increases Buybacks: Can It Complete A Reversal In 2023? 

Receive News & Ratings for Hydro One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hydro One and related companies with MarketBeat.com's FREE daily email newsletter.