Hydro One (OTCMKTS:HRNNF) Trading 1.3% Higher - What's Next?

Key Points

• Shares traded 1.3% higher to $43.65 on Tuesday, but volume was very light at 7,266 shares versus an average of 123,301.
• Wall Street remains cautious—multiple firms (RBC, TD, BMO, CIBC) have restated ratings and the stock carries an average rating of “Hold”.
• Key fundamentals show a P/E of 55.25 and market cap of $26.18B; quarterly EPS slightly beat ($0.28 vs. $0.27) while revenue missed materially ($1.65B vs. $2.49B expected) and debt/equity is 1.42.

Shares of Hydro One Limited (OTCMKTS:HRNNF - Get Free Report) traded up 1.3% during trading on Tuesday . The stock traded as high as $43.65 and last traded at $43.65. 7,266 shares were traded during trading, a decline of 94% from the average session volume of 123,301 shares. The stock had previously closed at $43.07.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank Of Canada restated a "sector perform" rating on shares of Hydro One in a report on Tuesday, February 17th. TD Securities restated a "hold" rating on shares of Hydro One in a report on Wednesday, February 18th. BMO Capital Markets restated a "market perform" rating on shares of Hydro One in a report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce restated a "neutral" rating on shares of Hydro One in a report on Monday, April 20th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Hydro One Stock Performance

The company has a debt-to-equity ratio of 1.42, a current ratio of 0.61 and a quick ratio of 0.61. The stock's 50-day simple moving average is $42.41 and its 200 day simple moving average is $40.01. The stock has a market capitalization of $26.18 billion and a P/E ratio of 55.25.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.