A Wall Street analyst has provided a review for the Utilities company yesterday, but retained the same rating on the stock. Analyst Mark Jarvi from CIBC remains neutral on Hydro One (H) and has a C$24 price target.
According to TipRanks.com, Jarvi is a 2-star analyst with an average return of 0.1% and a 54.9% success rate. Jarvi covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities Corp, Just Energy Group Inc, and Fortis Inc.
Hydro One has an analyst consensus of Hold, with a price target consensus of C$24.33.
Based on Hydro One’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$1.41 billion and net profit of C$159 million. In comparison, last year the company earned revenue of C$1.48 billion and had a net profit of C$204 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$23.62, close to its 52-week high of C$23.98.
