Hydro One (TSE:H) Price Target Raised to C$37.00

Hydro One (TSE:HGet Rating) had its price target upped by CIBC from C$36.00 to C$37.00 in a research note published on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

H has been the subject of a number of other reports. Raymond James set a C$32.00 target price on Hydro One and gave the stock a market perform rating in a report on Monday, February 28th. Credit Suisse Group downgraded Hydro One to an underperform rating and set a C$34.00 price target for the company. in a report on Wednesday, April 13th. CSFB downgraded Hydro One from a neutral rating to an underperform rating and upped their price target for the stock from C$34.00 to C$36.00 in a report on Wednesday, April 13th. Royal Bank of Canada boosted their price objective on Hydro One from C$33.00 to C$37.00 and gave the stock a sector perform rating in a research report on Friday. Finally, Scotiabank boosted their price objective on Hydro One from C$34.00 to C$35.00 in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of C$33.88.

Shares of H stock opened at C$34.90 on Friday. The company has a market cap of C$20.88 billion and a P/E ratio of 21.68. The stock has a 50 day simple moving average of C$33.88 and a two-hundred day simple moving average of C$32.34. The company has a debt-to-equity ratio of 134.23, a quick ratio of 0.51 and a current ratio of 0.61. Hydro One has a fifty-two week low of C$29.13 and a fifty-two week high of C$36.09.

Hydro One (TSE:HGet Rating) last issued its earnings results on Friday, February 25th. The company reported C$0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.26. The business had revenue of C$1.78 billion during the quarter. On average, research analysts predict that Hydro One will post 1.6900001 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 8th will be issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, June 7th. This is a boost from Hydro One’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 3.21%. Hydro One’s dividend payout ratio is currently 65.37%.

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.

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