National Bank Financial Boosts Hydro One (TSE:H) Price Target to C$24.00

Hydro One (TSE:H) had its target price lifted by National Bank Financial from C$20.00 to C$24.00 in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has an underperform rating on the stock. National Bank Financial also issued estimates for Hydro One’s FY2020 earnings at $1.48 EPS.

Other analysts have also recently issued reports about the company. CIBC upped their target price on Hydro One from C$22.00 to C$24.00 in a research report on Tuesday, July 23rd. Raymond James upped their target price on Hydro One from C$23.00 to C$25.00 in a research report on Friday, July 26th. CSFB raised Hydro One from an underperform rating to a neutral rating and upped their target price for the company from C$20.00 to C$24.00 in a research report on Thursday, July 25th. Canaccord Genuity upped their target price on Hydro One from C$20.00 to C$21.50 in a research report on Monday, April 29th. Finally, Royal Bank of Canada increased their price objective on Hydro One from C$23.00 to C$25.00 and gave the stock a sector perform rating in a research report on Monday. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. Hydro One has an average rating of Hold and an average target price of C$23.39.

Shares of TSE H opened at C$23.83 on Monday. The stock has a market cap of $14.25 billion and a PE ratio of -101.40. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of 127.79. Hydro One has a 52-week low of C$18.95 and a 52-week high of C$24.05. The business has a 50-day moving average price of C$23.32 and a 200 day moving average price of C$21.96.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.242 per share. This represents a $0.97 dividend on an annualized basis and a yield of 4.06%. This is a boost from Hydro One’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 11th. Hydro One’s dividend payout ratio (DPR) is presently -396.38%.

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 123,000 circuit kilometers of low-voltage distribution network.

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