Jefferies Financial Group Lowers Hydro One (TSE:H) Price Target to C$50.00

Hydro One (TSE:H) had its target price decreased by equities research analysts at Jefferies Financial Group from C$52.00 to C$50.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential downside of 6.89% from the company’s previous close.

A number of other brokerages have also recently weighed in on H. National Bankshares lifted their price target on Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. CIBC lifted their target price on shares of Hydro One from C$52.00 to C$54.00 in a research report on Tuesday, October 21st. Scotiabank boosted their price target on shares of Hydro One from C$51.00 to C$53.00 in a report on Tuesday, December 16th. Finally, Raymond James Financial raised their price objective on shares of Hydro One from C$49.00 to C$53.50 and gave the stock a “market perform” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$53.05.

Hydro One Trading Up 0.7%

Hydro One stock opened at C$53.70 on Wednesday. The firm has a market cap of C$32.21 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 3.17 and a beta of 0.21. Hydro One has a 1 year low of C$43.30 and a 1 year high of C$55.47. The firm’s 50 day moving average price is C$53.68 and its two-hundred day moving average price is C$51.56. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58.

Hydro One (TSE:H) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.70 EPS for the quarter. The company had revenue of C$1.22 billion during the quarter. Hydro One had a return on equity of 9.58% and a net margin of 13.59%. On average, research analysts predict that Hydro One will post 2.0572195 EPS for the current fiscal year.

Hydro One Company Profile

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.