Hydro One (TSE:H) Given a C$66.00 Price Target at Barclays

Key Points

• Barclays set a price target of C$66.00 and an "overweight" rating on Hydro One, implying roughly a 13.4% upside from the prior close.
• The street consensus is a Hold with an average target of C$54.50 (two Buy, five Hold); the stock traded at C$58.20 with a C$34.91 billion market cap and a 12‑month range of C$46.45–C$60.46.
• Most recent quarter: EPS of C$0.39 on C$981 million revenue, a 10.73% return on equity, and analysts forecast about 2.06 EPS for the current year.

Hydro One (TSE:H - Get Free Report) has been given a C$66.00 price objective by equities researchers at Barclays in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 13.40% from the stock's previous close.

A number of other analysts have also recently weighed in on H. TD Securities boosted their price objective on shares of Hydro One from C$56.00 to C$57.00 and gave the stock a "hold" rating in a research note on Wednesday, February 18th. National Bank Financial raised their price target on Hydro One from C$49.00 to C$53.00 and gave the company a "sector perform" rating in a research report on Wednesday, December 17th. Scotiabank lifted their price objective on Hydro One from C$51.00 to C$53.00 in a research note on Tuesday, December 16th. Finally, Jefferies Financial Group cut their price target on Hydro One from C$52.00 to C$50.00 in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$54.50.

Hydro One Stock Up 1.3%

TSE H traded up C$0.75 during trading on Wednesday, hitting C$58.20. 338,503 shares of the company traded hands, compared to its average volume of 1,273,664. Hydro One has a 12 month low of C$46.45 and a 12 month high of C$60.46. The business has a fifty day simple moving average of C$56.70 and a 200 day simple moving average of C$53.87. The company has a market capitalization of C$34.91 billion, a P/E ratio of 26.10, a PEG ratio of 3.17 and a beta of 0.33. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 151.72.

Hydro One (TSE:H - Get Free Report) last issued its quarterly earnings data on Friday, February 13th. The company reported C$0.39 earnings per share for the quarter. Hydro One had a return on equity of 10.73% and a net margin of 14.81%.The business had revenue of C$981.00 million for the quarter. As a group, sell-side analysts predict 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. The province of Ontario holds an approximate 47% common equity stake.

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