Jefferies Financial Group Issues Pessimistic Forecast for Hydro One (TSE:H) Stock Price

Hydro One (TSE:H) had its target price lowered by equities researchers at Jefferies Financial Group from C$52.00 to C$50.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential downside of 5.73% from the stock’s previous close.

H has been the topic of several other reports. Scotiabank upped their price target on Hydro One from C$51.00 to C$53.00 in a research report on Tuesday, December 16th. CIBC lifted their target price on shares of Hydro One from C$52.00 to C$54.00 in a research report on Tuesday, October 21st. Raymond James Financial increased their price objective on 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. Finally, National Bankshares boosted their price objective on shares of Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$53.05.

Hydro One Stock Performance

Shares of H traded down C$0.77 during trading hours on Wednesday, hitting C$53.04. The company’s stock had a trading volume of 186,605 shares, compared to its average volume of 735,868. The business has a 50 day simple moving average of C$53.69 and a two-hundred day simple moving average of C$51.53. The company has a market cap of C$31.81 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 3.17 and a beta of 0.21. Hydro One has a 52-week low of C$43.30 and a 52-week high of C$55.47. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30.

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. Hydro One had a net margin of 13.59% and a return on equity of 9.58%. The business had revenue of C$1.22 billion for the quarter. On average, equities analysts expect that Hydro One will post 2.0572195 earnings per share for the current fiscal 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. The province of Ontario holds an approximate 47% common equity stake.