Hydro One (TSE:H) Given New C$26.00 Price Target at CIBC

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Hydro One (TSE:H) had its target price lifted by CIBC from C$25.00 to C$26.00 in a report issued on Wednesday morning, BayStreet.CA reports.

H has been the topic of several other reports. Wells Fargo & Co upgraded shares of Hydro One from an equal weight rating to an overweight rating and boosted their price objective for the stock from C$26.00 to C$29.00 in a research note on Thursday, January 9th. TD Securities upped their price target on shares of Hydro One from C$23.00 to C$24.00 and gave the company a hold rating in a research note on Wednesday, January 8th. Finally, Raymond James reiterated a market perform rating and issued a C$25.00 price target on shares of Hydro One in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of C$25.05.

TSE:H traded up C$0.25 on Wednesday, hitting C$25.90. 258,506 shares of the company’s stock were exchanged, compared to its average volume of 721,806. The firm has a 50-day moving average price of C$25.32 and a 200-day moving average price of C$24.37. The company has a debt-to-equity ratio of 127.80, a current ratio of 0.39 and a quick ratio of 0.35. Hydro One has a 52 week low of C$20.02 and a 52 week high of C$26.20. The company has a market cap of $15.20 billion and a P/E ratio of -112.12.

Hydro One (TSE:H) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.40 earnings per share for the quarter, topping the consensus estimate of C$0.36 by C$0.04. The firm had revenue of C$1.59 billion for the quarter. On average, research analysts expect that Hydro One will post 1.3905565 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.242 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Tuesday, December 10th. Hydro One’s dividend payout ratio (DPR) is presently -408.23%.

About Hydro One

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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