Raymond James Boosts Hydro One (TSE:H) Price Target to C$45.00

Hydro One (TSE:H) had its price objective increased by Raymond James from C$41.00 to C$45.00 in a research note published on Thursday morning, BayStreet.CA reports.

Several other research firms also recently weighed in on H. BMO Capital Markets raised their target price on Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th. Wells Fargo & Company increased their price objective on Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. CIBC lifted their target price on shares of Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. Finally, National Bankshares upped their target price on shares of Hydro One from C$40.00 to C$45.00 and gave the stock a sector perform rating in a report on Friday, August 23rd. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hydro One presently has a consensus rating of Hold and an average target price of C$42.75.

Hydro One Stock Up 0.9 %

H stock opened at C$46.37 on Thursday. The firm’s fifty day moving average is C$44.05 and its 200 day moving average is C$41.19. The firm has a market cap of C$27.80 billion, a PE ratio of 24.80, a P/E/G ratio of 3.14 and a beta of 0.34. Hydro One has a one year low of C$32.79 and a one year high of C$48.05. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40.

Hydro One (TSE:H) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.01. The company had revenue of C$2.03 billion for the quarter. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. On average, research analysts forecast that Hydro One will post 2.0468682 EPS for the current year.

Hydro One Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a $0.314 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.71%. Hydro One’s dividend payout ratio is currently 67.38%.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.