Hydro One’s (H) Market Perform Rating Reaffirmed at Raymond James

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Raymond James restated their market perform rating on shares of Hydro One (TSE:H) in a report released on Monday morning, BayStreet.CA reports. Raymond James currently has a C$25.00 price target 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.

H has been the subject of several other research reports. 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. CSFB raised 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. TD Securities raised their price objective on shares of Hydro One from C$21.00 to C$22.00 and gave the stock a hold rating in a report on Monday. 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. Finally, 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. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of Hold and an average target price of C$23.39.

TSE H opened at C$23.83 on Monday. The firm has a market cap of $14.25 billion and a price-to-earnings ratio of -101.40. The company has a 50 day moving average of C$23.32 and a 200-day moving average of C$21.96. The company has a current ratio of 0.32, a quick ratio of 0.27 and a debt-to-equity ratio of 127.79. Hydro One has a 1-year low of C$18.95 and a 1-year high of C$24.05.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 12th will be issued a $0.242 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.06%. This is a positive change from Hydro One’s previous quarterly dividend of $0.23. Hydro One’s dividend payout ratio (DPR) is currently -396.38%.

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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Analyst Recommendations for Hydro One (TSE:H)

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