Hydro One Limited (OTCMKTS:HRNNF) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Hydro One has a consensus “Hold” rating from seven brokerages: five rate it Hold, one Sell, and one Buy. Recent recommendations range from Jefferies’ “Underperform” to Barclays’ “Overweight.”
• The company exceeded quarterly expectations, reporting EPS of $0.45 versus the $0.40 consensus and revenue of $1.62 billion versus $1.58 billion expected.
• Shares opened at $38.67, with a $23.21 billion market capitalization and a 52-week trading range of $35.12 to $44.02.

Hydro One Limited (OTCMKTS:HRNNF - Get Free Report) has earned an average rating of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company.

HRNNF has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Hydro One in a research report on Thursday, August 13th. BMO Capital Markets restated a "market perform" rating on shares of Hydro One in a research note on Thursday, August 13th. Jefferies Financial Group restated an "underperform" rating on shares of Hydro One in a research report on Wednesday. Barclays reissued an "overweight" rating on shares of Hydro One in a research note on Thursday, August 13th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Hydro One in a research report on Thursday, May 14th.

Hydro One Stock Performance

Shares of HRNNF stock opened at $38.67 on Friday. The firm has a market cap of $23.21 billion and a price-to-earnings ratio of 22.61. Hydro One has a 52-week low of $35.12 and a 52-week high of $44.02. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.49. The company's 50 day moving average is $41.06 and its 200 day moving average is $41.65.

Hydro One (OTCMKTS:HRNNF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. Hydro One had a net margin of 14.88% and a return on equity of 11.02%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.58 billion.

About Hydro One

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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