The Utilities sector company, Hydro One (H), has received a rating update from a Wall Street analyst today. Analyst Robert Kwan from RBC Capital rated Hydro One (H) a Hold, setting a C$23 price target.
Kwan has an average return of 0.0% when recommending Hydro One.
According to TipRanks.com, Kwan is ranked #136 out of 5181 analysts.
Currently, the analyst consensus on Hydro One is a Hold with an average price target of C$21.69, representing a -1.0% downside. In a report issued on April 28, Canaccord Genuity also reiterated a Hold rating on the stock with a C$21.50 price target.
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Based on Hydro One’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.49 billion and GAAP net loss of C$700 million. In comparison, last year the company earned revenue of C$1.58 billion and had a net profit of C$227 million.
Hydro One Ltd. engages in the transmission and distribution of electricity. The company was founded on August 31, 2015 and is headquartered in Toronto, Canada.
The company’s shares closed on Friday at C$21.91, close to its 52-week high of C$21.95.
