Hydro One Limited (OTCMKTS:HRNNF – Get Free Report) gapped down before the market opened on Thursday. The stock had previously closed at $41.00, but opened at $36.22. Hydro One shares last traded at $41.17, with a volume of 2,483 shares.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on HRNNF shares. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Hydro One in a research note on Wednesday, August 19th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a report on Thursday, August 13th. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Hydro One in a research note on Wednesday, October 28th. Finally, Barclays reiterated an “overweight” rating on shares of Hydro One in a report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on Hydro One
Hydro One Stock Performance
The firm has a market cap of $24.57 billion and a P/E ratio of 23.94. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.49. The company’s 50-day moving average is $37.39 and its two-hundred day moving average is $40.42.
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 for the quarter, topping the consensus estimate 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 company based in Ontario, Canada. Through its operating subsidiaries, including Hydro One Networks Inc, the company owns and operates a large transmission network and provides electricity distribution services to residential, commercial and industrial customers across the province.
The company’s activities include transporting high-voltage electricity from generating facilities to local utilities and large customers, distributing electricity through local networks, and maintaining and upgrading transmission and distribution infrastructure.
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