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

Key Points

• Six brokerages covering Hydro One give a consensus Hold rating — five have it as hold and one as buy.
• In the latest quarter Hydro One reported EPS of $0.28 (beating the $0.27 estimate) but revenue of $1.65 billion missed forecasts of $2.49 billion; return on equity was 10.72% with a net margin of 14.82%.
• Shares opened at $43.39 with a 12‑month range of $33.13–$44.02, market cap $26.02B and a relatively high valuation (PE 54.92) alongside leverage (debt/equity 1.42) and current/quick ratios of 0.61.

Shares of Hydro One Limited (OTCMKTS:HRNNF - Get Free Report) have earned a consensus rating of "Hold" from the six research firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

HRNNF has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Hydro One in a research note on Tuesday, February 17th. TD Securities reissued a "hold" rating on shares of Hydro One in a research report on Wednesday, February 18th. Finally, BMO Capital Markets restated a "market perform" rating on shares of Hydro One in a report on Tuesday, February 17th.

Hydro One Stock Performance

Shares of Hydro One stock opened at $43.39 on Thursday. Hydro One has a 12 month low of $33.13 and a 12 month high of $44.02. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.42. The stock has a market cap of $26.02 billion and a PE ratio of 54.92. The business has a fifty day simple moving average of $40.77 and a 200-day simple moving average of $38.52.

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

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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