Equities Analysts Issue Forecasts for Hydro One Ltd’s Q3 2016 Earnings (H)
Hydro One Ltd (TSE:H) – Stock analysts at National Bank Financial issued their Q3 2016 EPS estimates for shares of Hydro One in a research report issued to clients and investors on Wednesday. National Bank Financial analyst P. Kenny expects that the brokerage will post earnings of $0.31 per share for the quarter.
H has been the topic of a number of other research reports. CSFB raised their price objective on Hydro One from C$24.00 to C$26.00 in a research note on Monday, July 25th. Royal Bank Of Canada raised their price objective on Hydro One from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. CIBC raised their price objective on Hydro One from C$24.00 to C$25.00 in a research note on Wednesday, July 20th. Scotiabank raised their price objective on Hydro One from C$24.50 to C$25.50 and gave the stock a “sector perform” rating in a research note on Monday, August 15th. Finally, TD Securities raised their price objective on Hydro One from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Monday, August 15th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$26.55.
Hydro One (TSE:H) opened at 24.50 on Monday. Hydro One has a 1-year low of $21.01 and a 1-year high of $26.80. The firm has a market cap of $14.58 billion and a price-to-earnings ratio of 19.68. The firm has a 50-day moving average price of $25.72 and a 200-day moving average price of $24.98.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/equities-analysts-issue-forecasts-for-hydro-one-ltds-q3-2016-earnings-h.html
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Monday, September 12th.
About Hydro One
Hydro One Limited is an electricity transmission and distribution utility. The Company transmits and distributes electricity across the Province of Ontario. It operates through three segments: Transmission Business, Distribution Business and Other Business. Its Transmission Business comprises the business of transmitting high voltage electricity across the province, interconnecting over 70 local distribution companies and certain directly connected industrial customers throughout the Ontario electricity grid.
Receive News & Ratings for Hydro One Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hydro One Ltd and related companies with MarketBeat.com's FREE daily email newsletter.