Hydro One Ltd (TSE:H) has been assigned a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$24.39.
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A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on Hydro One from C$21.00 to C$23.00 in a research note on Friday, September 6th. Raymond James reiterated a “market perform” rating and set a C$25.00 price objective on shares of Hydro One in a research note on Friday, November 8th. CSFB upgraded Hydro One from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$24.00 to C$27.00 in a research note on Monday, August 19th. CIBC boosted their price objective on Hydro One from C$24.00 to C$25.00 in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets boosted their price objective on Hydro One from C$24.00 to C$25.00 in a research note on Monday, September 9th.
Shares of TSE:H opened at C$24.93 on Wednesday. The stock has a 50 day moving average of C$24.39 and a 200 day moving average of C$23.66. The company has a market cap of $14.78 billion and a PE ratio of -107.92. The company has a current ratio of 0.39, a quick ratio of 0.35 and a debt-to-equity ratio of 127.80. Hydro One has a 12-month low of C$19.25 and a 12-month high of C$25.06.
Hydro One (TSE:H) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.36 by C$0.04. The company had revenue of C$1.59 billion for the quarter. Equities research analysts predict that Hydro One will post 1.3999999 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be paid a $0.242 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.97 annualized dividend and a yield of 3.88%. Hydro One’s payout ratio is -408.23%.
Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 123,000 circuit kilometers of low-voltage distribution network.
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