Raymond James reaffirmed their market perform rating on shares of Hydro One (TSE:H) in a report released on Monday, BayStreet.CA reports. Raymond James currently has a C$25.00 price objective on the stock. Raymond James also issued estimates for Hydro One’s Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.47 EPS.
A number of other brokerages have also commented on H. BMO Capital Markets raised their price objective on shares of Hydro One from C$23.00 to C$24.00 in a report on Wednesday, June 26th. National Bank Financial raised their price objective on shares of Hydro One from C$20.00 to C$24.00 and gave the stock an underperform rating in a report on Monday. CSFB upgraded shares of Hydro One from an underperform rating to a neutral rating and raised their price objective for the stock from C$20.00 to C$24.00 in a report on Thursday, July 25th. CIBC raised their price objective on shares of Hydro One from C$22.00 to C$24.00 in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised their price objective on shares of Hydro One from C$23.00 to C$25.00 and gave the stock a sector perform rating in a report on Monday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock has a consensus rating of Hold and a consensus price target of C$23.39.
Shares of TSE:H opened at C$23.83 on Monday. Hydro One has a 12 month low of C$18.95 and a 12 month high of C$24.05. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of 127.79. The company’s fifty day simple moving average is C$23.32 and its 200 day simple moving average is C$21.96. The firm has a market cap of $14.25 billion and a price-to-earnings ratio of -101.40.
About Hydro One
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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