National Bankshares Raises Hydro One (TSE:H) Price Target to C$53.00

Hydro One (TSE:H) had its price objective lifted by equities research analysts at National Bankshares from C$49.00 to C$53.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential downside of 0.15% from the stock’s current price.

Several other equities research analysts have also recently issued reports on H. Raymond James Financial boosted their price objective on shares of Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a research report on Friday, October 24th. Scotiabank lifted their price target on shares of Hydro One from C$51.00 to C$53.00 in a research note on Tuesday. Finally, CIBC boosted their price target on Hydro One from C$52.00 to C$54.00 in a report on Tuesday, October 21st. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$52.95.

Hydro One Trading Up 0.8%

Hydro One stock traded up C$0.43 during mid-day trading on Wednesday, hitting C$53.08. The company’s stock had a trading volume of 220,989 shares, compared to its average volume of 983,594. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58. The company has a 50 day moving average of C$52.71 and a 200-day moving average of C$50.58. Hydro One has a one year low of C$42.52 and a one year high of C$55.47. The stock has a market cap of C$31.84 billion, a PE ratio of 24.46, a P/E/G ratio of 3.17 and a beta of 0.25.

Hydro One (TSE:H) last issued its earnings results on Thursday, November 13th. The company reported C$0.70 earnings per share (EPS) for the quarter. The firm had revenue of C$1.22 billion during the quarter. Hydro One had a net margin of 13.59% and a return on equity of 9.58%. On average, research analysts anticipate that Hydro One will post 2.0572195 EPS for the current 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.