Hydro One (H) Stock Forecast & Price Target

C$44.21 +0.64 (+1.47%)

(As of 12/20/2024 05:17 PM ET)

Hydro One - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 8 Analyst Ratings

Sell
0

Hold
8

Buy
0

Based on 8 Wall Street analysts who have issued ratings for Hydro One in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 8 have given a hold rating for H.

Consensus Price Target

C$43.00
-2.74% Downside

According to the 8 analysts' twelve-month price targets for Hydro One, the average price target is C$43.00. The highest price target for H is C$46.00, while the lowest price target for H is C$38.00. The average price target represents a forecasted downside of -2.74% from the current price of C$44.21.

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H Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$43.00	C$43.00	C$42.75	C$37.95
Forecasted Upside	-2.74% Downside	-5.58% Downside	-7.81% Downside	-2.87% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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H Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

H Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Hydro One Stock vs. The Competition

Type	Hydro One	Utilities Companies
Consensus Rating Score	2.00	2.53
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent H News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/3/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform	C$41.00 ➝ C$43.00	-5.14%
9/19/2024	Raymond James 4 of 5 stars		Boost Target		C$41.00 ➝ C$45.00	-2.68%
9/5/2024	BMO Capital Markets 4 of 5 stars	B. Pham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$42.00 ➝ C$44.00	-5.05%
8/23/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$40.00 ➝ C$45.00	+0.42%
8/19/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$42.00 ➝ C$46.00	+3.30%
8/15/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$41.00 ➝ C$44.00	-0.20%
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4/22/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$40.00 ➝ C$38.00	-0.11%
2/14/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$37.00 ➝ C$39.00	-2.11%
8/17/2023	Laurentian Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Hold	C$38.00	+3.77%
1/26/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$36.00 ➝ C$40.00	+7.44%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:56 AM ET.

Should I Buy Hydro One Stock? H Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Hydro One pros and cons to contact@marketbeat.com.

Hydro One
Bull Case

Here are some ways that investors could benefit from investing in Hydro One Limited:

The stock has a current price of C$45.79, which is near its one-year high of C$48.05, indicating strong market performance and potential for growth.
Hydro One Limited has received a consensus rating of "Hold" from eight research firms, suggesting stability and a balanced outlook from analysts.
The company recently announced a quarterly dividend of $0.314, translating to an annualized dividend of $1.26 and a yield of approximately 2.74%, providing a steady income stream for investors.
Several analysts have recently increased their price targets for Hydro One Limited, with estimates ranging from C$44.00 to C$46.00, indicating positive sentiment and potential for price appreciation.
Hydro One Limited operates in the essential sector of electricity transmission and distribution, which tends to be less volatile and more resilient during economic downturns, making it a safer investment choice.

Hydro One
Bear Case

Investors should be bearish about investing in Hydro One Limited for these reasons:

The stock has recently traded below its 50-day moving average of C$45.48, which may indicate a potential downward trend and investor caution.
Hydro One Limited has a relatively high debt-to-equity ratio of 137.11, suggesting that the company relies heavily on debt financing, which can be risky if interest rates rise or if cash flow becomes constrained.
The current quick ratio of 0.30 and current ratio of 0.40 indicate potential liquidity issues, meaning the company may struggle to meet short-term obligations without additional financing.
Despite the positive outlook from analysts, the consensus target price of C$43.00 is lower than the current stock price, which could suggest limited upside potential in the near term.
The stock's beta of 0.34 indicates lower volatility compared to the market, which may appeal to conservative investors but could also limit growth potential in a bullish market environment.

H Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Hydro One is C$43.00, with a high forecast of C$46.00 and a low forecast of C$38.00.
: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hydro One in the last year. There are currently 8 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" H shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in H, but not buy additional shares or sell existing shares.
: According to analysts, Hydro One's stock has a predicted downside of -2.74% based on their 12-month stock forecasts.
: Hydro One has been rated by research analysts at Royal Bank of Canada in the past 90 days.
: Analysts like Hydro One less than other "utilities" companies. The consensus rating for Hydro One is Hold while the average consensus rating for "utilities" companies is Moderate Buy. Learn more on how H compares to other companies.

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This page (TSE:H) was last updated on 12/21/2024 by MarketBeat.com Staff

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Hydro One (H) Stock Forecast & Price Target