Hydro One (H) Price Target Lowered to C$19.75 at CIBC

Hydro One (TSE:H) had its price target lowered by CIBC from C$20.50 to C$19.75 in a research note released on Friday.

A number of other research firms also recently issued reports on H. Industrial Alliance Securities decreased their price target on shares of Hydro One from C$24.00 to C$21.00 in a research note on Tuesday, October 9th. Royal Bank of Canada downgraded shares of Hydro One from an outperform rating to a sector perform rating and decreased their price target for the stock from C$25.00 to C$21.00 in a research note on Thursday, July 12th. CSFB downgraded shares of Hydro One from an outperform rating to a neutral rating and set a C$22.00 target price for the company. in a research note on Thursday, July 12th. TD Securities decreased their target price on shares of Hydro One from C$21.00 to C$20.00 in a research note on Wednesday, August 15th. Finally, National Bank Financial decreased their target price on shares of Hydro One from C$23.00 to C$21.00 and set a sector perform rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Hydro One currently has a consensus rating of Hold and an average price target of C$21.28.

H stock traded down C$0.10 during trading on Friday, reaching C$19.30. The company had a trading volume of 908,000 shares, compared to its average volume of 741,729. Hydro One has a 52 week low of C$18.57 and a 52 week high of C$23.04. The company has a debt-to-equity ratio of 124.75, a current ratio of 0.79 and a quick ratio of 0.73.

Hydro One (TSE:H) last released its quarterly earnings results on Tuesday, August 14th. The company reported C$0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.24 by C$0.08. The company had revenue of C$1.48 billion during the quarter. On average, sell-side analysts expect that Hydro One will post 1.36000014093266 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Tuesday, December 11th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Monday, December 10th. Hydro One’s dividend payout ratio is 69.17%.

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 30,000 circuit kilometers of high-voltage transmission network and 123,000 circuit kilometers of low-voltage distribution network; and 308 transmission stations.

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