Hydro One Ltd Forecasted to Post FY2018 Earnings of $1.32 Per Share (H)

Hydro One Ltd (TSE:H) – Equities research analysts at National Bank Financial dropped their FY2018 earnings per share (EPS) estimates for Hydro One in a research note issued on Tuesday. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $1.32 per share for the year, down from their previous estimate of $1.35. National Bank Financial has a “Sector Perform” rating and a $24.00 price objective on the stock.

Other analysts also recently issued reports about the company. BMO Capital Markets set a C$23.50 price objective on Hydro One and gave the company a “market perform” rating in a report on Wednesday. Raymond James Financial decreased their price objective on Hydro One from C$26.00 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday. Royal Bank of Canada decreased their price objective on Hydro One from C$28.00 to C$26.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, TD Securities decreased their price objective on Hydro One from C$24.00 to C$23.00 in a report on Monday, November 13th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Hydro One has a consensus rating of “Hold” and an average target price of C$25.05.

Shares of Hydro One (TSE:H) traded down C$0.30 during trading hours on Friday, hitting C$79.45. 386,918 shares of the stock traded hands, compared to its average volume of 933,165. The firm has a market capitalization of $12,190.00 and a P/E ratio of 18.61. Hydro One has a 52 week low of C$50.21 and a 52 week high of C$82.50.

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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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