Hydro One Limited (HRNNF) – What Are Investment Firms Thinking About This Stock?

Shares of Hydro One Limited (OTCMKTS:HRNNF) have received a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company.

A number of analysts have issued reports on the stock. BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a report on Thursday, August 13th. Barclays reaffirmed an “overweight” rating on shares of Hydro One in a report on Thursday, August 13th. Jefferies Financial Group reiterated an “underperform” rating on shares of Hydro One in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Hydro One in a research report on Thursday, August 13th.

Hydro One Trading Up 2.5%

Shares of Hydro One stock opened at $37.26 on Friday. The firm has a 50-day moving average of $37.66 and a 200-day moving average of $40.32. The stock has a market cap of $22.36 billion and a PE ratio of 21.26. Hydro One has a 52-week low of $35.46 and a 52-week high of $44.02. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.88 and a current ratio of 0.88.

Hydro One (OTCMKTS:HRNNF) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Hydro One had a net margin of 14.88% and a return on equity of 11.02%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.58 billion.

Hydro One Company Profile

Hydro One Limited is an electricity transmission and distribution utility serving customers across Ontario, Canada. The company operates and maintains a large transmission network that moves electricity from generating facilities to local distribution systems, as well as distribution infrastructure that delivers power to homes, businesses and other customers.

Through its regulated utility operations, Hydro One provides services including electricity delivery, grid maintenance, system planning, emergency restoration and connection of new customers.