Hydro One (TSE:H – Get Free Report) had its target price decreased by analysts at CIBC from C$40.00 to C$39.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 3.45% from the company’s current price.
Several other analysts have also recently commented on the stock. TD Securities raised their price objective on shares of Hydro One from C$37.00 to C$39.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. National Bankshares lifted their target price on shares of Hydro One from C$35.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. Royal Bank of Canada lifted their target price on shares of Hydro One from C$37.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Raymond James lifted their target price on shares of Hydro One from C$40.00 to C$41.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Hydro One from C$39.00 to C$40.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$39.78.
Hydro One Stock Down 0.1 %
Hydro One (TSE:H – Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, hitting the consensus estimate of C$0.30. Hydro One had a net margin of 13.83% and a return on equity of 9.45%. The firm had revenue of C$1.98 billion for the quarter. Equities research analysts expect that Hydro One will post 1.9103751 earnings per share for the current year.
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.
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