CIBC Lowers Hydro One (TSE:H) Price Target to C$39.00

Hydro One (TSE:H) had its price target reduced by CIBC from C$40.00 to C$39.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other research analysts also recently commented on H. Royal Bank of Canada upped their price objective on Hydro One from C$37.00 to C$41.00 and gave the stock a sector perform rating in a research note on Wednesday, February 14th. TD Securities boosted their price target on Hydro One from C$37.00 to C$39.00 and gave the stock a hold rating in a research report on Wednesday, February 14th. Scotiabank boosted their price target on Hydro One from C$35.00 to C$40.00 and gave the stock a sector perform rating in a research report on Wednesday, January 24th. Raymond James boosted their price target on Hydro One from C$40.00 to C$41.00 and gave the stock a market perform rating in a research report on Wednesday, February 14th. Finally, National Bankshares boosted their price target on Hydro One from C$35.00 to C$38.00 and gave the stock a sector perform rating in a research report on Tuesday, January 30th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of C$39.78.

Hydro One Price Performance

Shares of H opened at C$37.80 on Friday. The firm has a market cap of C$22.65 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.90 and a beta of 0.31. The stock has a 50 day moving average of C$39.98 and a 200-day moving average of C$38.70. The company has a current ratio of 0.50, a quick ratio of 0.30 and a debt-to-equity ratio of 133.77. Hydro One has a 52 week low of C$32.79 and a 52 week high of C$41.69.

Hydro One (TSE:H) last issued its earnings results on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, hitting the consensus estimate of C$0.30. The company had revenue of C$1.98 billion during the quarter. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. As a group, analysts forecast that Hydro One will post 1.9103751 EPS for the current year.

Hydro One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were issued a $0.296 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.18 annualized dividend and a dividend yield of 3.13%. Hydro One’s dividend payout ratio (DPR) is 65.75%.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.