HYDRO ONE LIMITED

H
Delayed Quote. Delayed  - 11/24 02:22:07 pm
29.55CAD +1.76%

Hydro One Limited : The underlying trend is in force again

Nicolas Aleksy
Contributor / Partner

Strategy published on : 11/20/2020 | 02:18

long trade
Live

Entry price : 28.5CAD
Target : 30.04CAD
Stop-loss : 27.47CAD
Potential : 5.4%

The timing appears opportune to go long in shares of Hydro One Limited as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the CAD 30.04.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The company returns high margins, thereby supporting business profitability.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● The group usually releases upbeat results with huge surprise rates.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● For several months, analysts have been revising their EPS estimates roughly upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 27.06 CAD


Weaknesses

● One of the major weak points of the company is its financial situation.

● With an enterprise value anticipated at 4.42 times the sales for the current fiscal year, the company turns out to be overvalued.

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