Rating Watching: 4.76% to Target, Desjardins Securities Reaffirms “Hold” Rating for Hydro One Ltd (TSE:H) Stock

November 24, 2016 - By Hazel Jackson

Hydro One Ltd (TSE:H) Rating

Analysts at Desjardins Securities have $24.00 target price per share on Hydro One Ltd (TSE:H). Desjardins Securities’s target price per share would suggest a potential upside of 4.76% from the company’s previous close. The rating was disclosed to clients in a note on Thursday, 24 November.

Hydro One Ltd (TSE:H) Ratings Coverage

Out of 2 analysts covering Hydro One Ltd (TSE:H), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $27 is the highest target while $25 is the lowest. The $25.83 average target is 12.79% above today’s ($22.9) stock price. Hydro One Ltd has been the topic of 4 analyst reports since January 25, 2016 according to StockzIntelligence Inc. The rating was downgraded by National Bank Canada on Monday, January 25 to “Sector Perform”. The rating was maintained by Barclays Capital with “” on Friday, June 17. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, September 23 report.

About 409,350 shares traded hands. Hydro One Ltd (TSE:H) has declined 0.90% since April 20, 2016 and is downtrending. It has underperformed by 6.31% the S&P500.

Analysts await Hyatt Hotels Corporation (NYSE:H) to report earnings on February, 16. They expect $0.24 EPS, up 14.29% or $0.03 from last year’s $0.21 per share. H’s profit will be $30.75M for 55.20 P/E if the $0.24 EPS becomes a reality. After $0.47 actual EPS reported by Hyatt Hotels Corporation for the previous quarter, Wall Street now forecasts -48.94% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.41, from 0.61 in 2016Q1. The ratio improved, as 18 funds sold all Hydro One Ltd shares owned while 62 reduced positions. 17 funds bought stakes while 32 increased positions. They now own 22.71 million shares or 9.42% less from 25.07 million shares in 2016Q1.

Parallax Volatility Advisers Lp has 0% invested in the company for 8,853 shares. Alliancebernstein Limited Partnership owns 26,912 shares or 0% of their US portfolio. California State Teachers Retirement Sys owns 51,809 shares or 0.01% of their US portfolio. Strs Ohio owns 225,000 shares or 0.05% of their US portfolio. Calvert Investment Mngmt holds 0.02% of its portfolio in Hydro One Ltd (TSE:H) for 8,417 shares. First Quadrant L P Ca holds 0.49% or 452,392 shares in its portfolio. The New York-based Glenhill Ltd Liability Corporation has invested 2.72% in Hydro One Ltd (TSE:H). Clearbridge Invests Lc accumulated 834 shares or 0% of the stock. Guggenheim Ltd Liability has 13,272 shares for 0% of their US portfolio. Cubist Systematic Strategies Ltd Llc has invested 0.03% of its portfolio in Hydro One Ltd (TSE:H). Engineers Gate Manager L P holds 0.14% or 38,873 shares in its portfolio. Diversified Company accumulated 8,939 shares or 0.05% of the stock. Spot Trading Ltd Liability Corporation holds 0% of its portfolio in Hydro One Ltd (TSE:H) for 2,250 shares. Putnam Investments Ltd Liability holds 43,364 shares or 0.01% of its portfolio. Moreover, Blackrock Inv Mgmt has 0% invested in Hydro One Ltd (TSE:H) for 11,315 shares.

Hydro One Limited is an electricity transmission and distribution utility. The company has a market cap of $13.57 billion. The Firm transmits and distributes electricity across the Province of Ontario. It has a 20 P/E ratio. It operates through three divisions: Transmission Business, Distribution Business and Other Business.

According to Zacks Investment Research, “Hyatt Hotels Corporation is a global hospitality company that manages, franchises, owns and develops Hyatt branded hotels, resorts and residential and vacation ownership properties around the world. Its hotels and resorts offer business centers, car rentals, catering, weddings, fitness centers, hotel shops, lounges, meetings and events, pools, and restaurants. The company is based in Chicago, Illinois. It has hotel locations in North America, Asia, Europe, Latin America, Caribbean, Australia, New Zealand, Africa, and the Middle East. The company’s mission is to provide authentic hospitality by making a difference in the lives of the people they touch every day.”

H Company Profile

Hyatt Hotels Corporation, incorporated on August 4, 2004, is a global hospitality company. The Firm develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties. The Firm operates through four divisions: Owned and leased hotels; Americas management and franchising; Southeast Asia, China, Australia, South Korea and Japan (ASPAC) management and franchising, and Europe, Africa, the Middle East and Southwest Asia (EAME/SW Asia) management.

More notable recent Hydro One Ltd (TSE:H) news were published by: Business.Financialpost.com which released: “Hydro One Ltd makes its debut on the Toronto Stock Exchange in biggest IPO in …” on November 05, 2015, also Marketwatch.com with their article: “Hydro One Ltd.” published on December 21, 2015, Fool.ca published: “Get Big Renewable Energy Dividends With Hydro One Ltd.” on September 22, 2016. More interesting news about Hydro One Ltd (TSE:H) were released by: Fool.ca and their article: “Hydro One Ltd.: Get Your Growing Dividend Today” published on July 13, 2016 as well as Fool.ca‘s news article titled: “Hydro One Ltd. Sticks by its Growing Dividend” with publication date: May 06, 2016.

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