Raymond James Keeps a Hold Rating on Hydro One (H)

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$25.00 price target.

According to TipRanks.com, Quezada is a 4-star analyst with an average return of 9.5% and a 72.0% success rate. Quezada covers the Utilities sector, focusing on stocks such as Northland Power, Pattern Energy, and Fortis.

Hydro One has an analyst consensus of Hold, with a price target consensus of C$24.75.

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$1.61 billion and had a net profit of C$198 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 last Friday at C$23.56.