Hydro One (TSE:H) PT Set at C$66.00 by Barclays

Hydro One (TSE:H) received a C$66.00 price objective from equities research analysts at Barclays in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 13.30% from the company’s previous close.

A number of other research analysts also recently commented on H. Jefferies Financial Group dropped their price target on Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. TD Securities raised their target price on shares of Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. National Bank Financial boosted their target price on shares of Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Finally, Scotiabank upped their price target on shares of Hydro One from C$51.00 to C$53.00 in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Hydro One has a consensus rating of “Hold” and a consensus price target of C$54.50.

Hydro One Price Performance

Hydro One stock opened at C$58.25 on Wednesday. The stock’s fifty day moving average price is C$56.90 and its two-hundred day moving average price is C$53.93. Hydro One has a one year low of C$46.45 and a one year high of C$60.46. The company has a debt-to-equity ratio of 151.72, a current ratio of 0.61 and a quick ratio of 0.30. The firm has a market cap of C$34.94 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.17 and a beta of 0.33.

Hydro One (TSE:H) last released its earnings results on Friday, February 13th. The company reported C$0.39 earnings per share for the quarter. The firm had revenue of C$981.00 million during the quarter. Hydro One had a return on equity of 10.73% and a net margin of 14.81%. As a group, research analysts expect that Hydro One will post 2.0572195 EPS for the current fiscal year.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.