Hydro One (OTCMKTS:HRNNF) Trading Up 0.3% - Time to Buy?

Key Points

• Hydro One shares were up 0.3% to $42.71, with a market cap of $25.62B, a 50-day/200-day moving average of $41.80/$39.19 and a P/E of 54.06.
• Analysts are largely neutral with an average rating of Hold (one Buy and five Hold), and firms like BMO, TD and RBC recently reaffirmed conservative ratings.
• The latest quarter delivered a slight EPS beat ($0.28 vs. $0.27) but a significant revenue miss ($1.65B vs. $2.49B), with a 14.82% net margin and 10.72% ROE.

Hydro One Limited (OTCMKTS:HRNNF - Get Free Report)'s stock price was up 0.3% during trading on Thursday . The company traded as high as $42.71 and last traded at $42.71. Approximately 74,575 shares traded hands during mid-day trading, an increase of 0% from the average daily volume of 74,496 shares. The stock had previously closed at $42.60.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HRNNF shares. BMO Capital Markets reaffirmed a "market perform" rating on shares of Hydro One in a research note on Tuesday, February 17th. TD Securities reaffirmed a "hold" rating on shares of Hydro One in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Hydro One in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Hydro One has an average rating of "Hold".

Hydro One Trading Up 0.3%

The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average of $41.80 and a 200 day moving average of $39.19. The company has a market cap of $25.62 billion and a P/E ratio of 54.06.

Hydro One (OTCMKTS:HRNNF - Get Free Report) last announced its earnings results on Friday, February 13th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The company 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%.

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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