Hydro One (TSE:H – Get Free Report) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, BayStreet.CA reports.
Several other research analysts have also weighed in on H. CIBC increased their price objective on Hydro One from C$41.00 to C$44.00 in a research report on Thursday. National Bankshares raised their price objective on Hydro One from C$39.00 to C$40.00 in a research report on Thursday. Finally, Scotiabank decreased their target price on shares of Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Nine investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$40.33.
Read Our Latest Stock Analysis on Hydro One
Hydro One Trading Down 0.7 %
Hydro One (TSE:H – Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.49 earnings per share for the quarter, beating the consensus estimate of C$0.48 by C$0.01. Hydro One had a return on equity of 9.45% and a net margin of 13.81%. The business had revenue of C$2.17 billion for the quarter. Equities research analysts expect that Hydro One will post 1.9169847 EPS for the current year.
About Hydro One
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.
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