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

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

Several other analysts have also issued reports on H. TD Securities cut their price target on shares of Hydro One from C$21.00 to C$20.00 in a research report on Wednesday, August 15th. BMO Capital Markets cut their price target on shares of Hydro One from C$22.50 to C$21.00 in a research report on Tuesday, July 24th. CSFB lowered shares of Hydro One from a neutral rating to an underperform rating and cut their price target for the company from C$22.00 to C$19.00 in a research report on Thursday, July 26th. Industrial Alliance Securities cut their price target on shares of Hydro One from C$24.00 to C$21.00 in a research report on Tuesday, October 9th. Finally, Royal Bank of Canada lowered shares of Hydro One from an outperform rating to a sector perform rating and cut their price target for the company from C$25.00 to C$21.00 in a research report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Hydro One currently has an average rating of Hold and an average price target of C$21.28.

TSE:H traded down C$0.10 during midday trading on Friday, hitting 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 current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 124.75.

Hydro One (TSE:H) last announced its earnings results on Tuesday, August 14th. The company reported C$0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.24 by C$0.08. The company had revenue of C$1.48 billion during the quarter. As a group, equities analysts anticipate that Hydro One will post 1.36000014093266 earnings per share for the current fiscal year.

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

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 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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