Hydro One (H) Gets a Hold Rating from Raymond James

By Jason Carr

Hydro One (HResearch Report), the Utilities sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst David Quezada from Raymond James reiterated a Hold rating, with a C$25 price target.

According to TipRanks.com, Quezada is ranked #606 out of 5239 analysts.

Hydro One has an analyst consensus of Hold, with a price target consensus of C$24.40, implying a 3.1% upside from current levels. In a report released yesterday, CIBC also reiterated a Hold rating on the stock with a C$24 price target.

.

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 Monday at C$23.67, close to its 52-week high of C$23.98.