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

Hydro One Limited (OTCMKTS:HRNNF) has earned an average rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. One equities research 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 research analysts recently issued reports on HRNNF shares. Barclays restated an “overweight” rating on shares of Hydro One in a research note on Friday. BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a research note on Thursday, August 13th. Jefferies Financial Group reissued an “underperform” rating on shares of Hydro One in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a report on Thursday, August 13th.

Hydro One Stock Performance

Shares of HRNNF stock opened at $37.89 on Friday. The stock’s 50-day moving average is $37.61 and its two-hundred day moving average is $40.30. The firm has a market cap of $22.74 billion and a price-to-earnings ratio of 22.16. Hydro One has a 1 year low of $35.46 and a 1 year 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 posted its 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. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Hydro One had a return on equity of 11.02% and a net margin of 14.88%.

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.