Barclays Issues Pessimistic Forecast for Hydro One (TSE:H) Stock Price

Hydro One (TSE:H) had its price target decreased by equities research analysts at Barclays from C$66.00 to C$63.00 in a research note issued on Friday,BayStreet.CA reports. Barclays‘s target price points to a potential upside of 6.89% from the company’s previous close.

A number of other research firms also recently commented on H. Jefferies Financial Group reduced their target price on Hydro One from C$52.00 to C$50.00 in a research report on Wednesday, January 28th. National Bank Financial boosted their price objective on Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. TD Securities boosted their price objective on Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. Finally, Scotiabank boosted their price objective on Hydro One from C$51.00 to C$53.00 in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Hydro One currently has an average rating of “Hold” and a consensus target price of C$54.23.

Hydro One Price Performance

TSE:H opened at C$58.94 on Friday. Hydro One has a 52 week low of C$47.21 and a 52 week high of C$60.46. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 151.72. The company has a market capitalization of C$35.35 billion, a P/E ratio of 26.43, a P/E/G ratio of 3.17 and a beta of 0.37. The stock’s fifty day moving average is C$57.52 and its two-hundred day moving average is C$54.38.

Hydro One (TSE:H) last posted its earnings results on Friday, February 13th. The company reported C$0.39 EPS for the quarter. Hydro One had a return on equity of 10.73% and a net margin of 14.81%.The company had revenue of C$981.00 million for the quarter. Equities analysts expect that Hydro One will post 2.0572195 EPS 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.