Hydro One (TSE:H) Downgraded to Moderate Sell Rating by Jefferies Financial Group

Hydro One (TSE:H) was downgraded by analysts at Jefferies Financial Group from a “hold” rating to a “moderate sell” rating in a note issued to investors on Monday,Zacks.com reports.

H has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of Hydro One from C$55.00 to C$58.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Scotia upped their price objective on shares of Hydro One from C$53.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. National Bank Financial upped their price objective on shares of Hydro One from C$56.00 to C$61.00 and gave the company a “sector perform” rating in a research note on Monday. TD upped their price objective on shares of Hydro One from C$57.00 to C$58.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Finally, Barclays dropped their price objective on shares of Hydro One from C$66.00 to C$63.00 in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$57.09.

Hydro One Trading Down 0.9%

Shares of H stock opened at C$55.85 on Monday. The firm has a 50-day moving average price of C$58.17 and a 200 day moving average price of C$56.14. Hydro One has a twelve month low of C$47.54 and a twelve month high of C$60.46. The company has a market capitalization of C$33.52 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 3.17 and a beta of 0.38. The company has a current ratio of 0.54, a quick ratio of 0.30 and a debt-to-equity ratio of 149.17.

Hydro One (TSE:H) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.65 EPS for the quarter. Hydro One had a net margin of 14.78% and a return on equity of 10.87%. The company had revenue of C$1.22 billion during the quarter. Research analysts forecast that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

About Hydro One

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.