Hydro One Limited (OTCMKTS:HRNNF) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Hydro One a consensus rating of Hold (six analysts total: five hold, one buy), with BMO, RBC and TD reaffirming market/sector perform or hold ratings.
• Recent quarterly results showed an EPS beat ($0.28 vs. $0.27 expected) but a sizable revenue miss ($1.65B vs. $2.49B expected), with ROE of 10.72% and a net margin of 14.82%.
• The stock opened at $42.99 near its 52-week high of $44.02, trades at a market cap of $25.78B with a high P/E of 54.42, and shows leverage (debt-to-equity 1.42) and low liquidity (current and quick ratios 0.61).

Shares of Hydro One Limited (OTCMKTS:HRNNF - Get Free Report) have been given a consensus recommendation of "Hold" by the six analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

Several analysts have issued reports on the company. BMO Capital Markets restated a "market perform" rating on shares of Hydro One in a research note on Tuesday, February 17th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Hydro One in a report on Tuesday, February 17th. Finally, TD Securities reissued a "hold" rating on shares of Hydro One in a report on Wednesday, February 18th.

Hydro One Stock Performance

Shares of OTCMKTS HRNNF opened at $42.99 on Monday. The stock's 50 day moving average price is $41.88 and its two-hundred day moving average price is $39.29. Hydro One has a 52-week low of $33.56 and a 52-week high of $44.02. The stock has a market capitalization of $25.78 billion and a P/E ratio of 54.42. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.42.

Hydro One (OTCMKTS:HRNNF - Get Free Report) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Hydro One had a return on equity of 10.72% and a net margin of 14.82%.The firm had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $2.49 billion.

Hydro One Company Profile

Hydro One Ltd. is a Canadian electricity transmission and distribution utility headquartered in Toronto, Ontario. The company operates the largest high-voltage transmission network in the province, delivering power from generating stations to local distributors, municipalities and major industrial customers. In addition to its transmission business, Hydro One provides distribution services to a wide range of residential, commercial and industrial end users, maintaining poles, wires and related infrastructure that connect approximately 1.4 million customers across urban and rural communities.

Tracing its origins to the Ontario Hydro Electric Power Commission established in 1906, Hydro One emerged in its current form following the restructuring of Ontario’s vertically integrated power authority in the late 1990s and early 2000s.

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