Hydro One Ltd (H) Forecasted to Earn FY2018 Earnings of $1.35 Per Share
Hydro One Ltd (TSE:H) – National Bank Financial increased their FY2018 earnings per share estimates for shares of Hydro One in a note issued to investors on Sunday. National Bank Financial analyst P. Kenny now anticipates that the company will earn $1.35 per share for the year, up from their prior estimate of $1.34. National Bank Financial has a “Outperform” rating and a $27.00 price target on the stock.
Other equities analysts have also recently issued research reports about the stock. Laurentian increased their price target on shares of Hydro One from C$27.00 to C$28.00 in a research report on Wednesday, August 9th. BMO Capital Markets reduced their price target on shares of Hydro One from C$26.00 to C$24.00 in a research report on Wednesday, July 19th. TD Securities reduced their price target on shares of Hydro One from C$24.00 to C$23.00 in a research report on Monday. Barclays PLC reduced their price target on shares of Hydro One from C$24.00 to C$23.00 in a research report on Monday, October 2nd. Finally, CIBC reduced their price target on shares of Hydro One from C$28.00 to C$27.50 in a research report on Monday, October 2nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$25.67.
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Hydro One (TSE:H) traded down C$0.05 during trading hours on Tuesday, reaching C$22.66. 444,600 shares of the company’s stock were exchanged, compared to its average volume of 712,210. Hydro One has a one year low of C$21.32 and a one year high of C$24.66.
About Hydro One
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution utility in Ontario. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and approximately 123,000 circuit kilometers of low-voltage distribution network; and 306 transmission stations, as well as 1,026 distribution and regulating stations.
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