Hydro One Stock Forecast

Stock Price Forecast

According to 14 analysts polled by S&P Global, Hydro One stock has a consensus rating of "Hold" and an average price target of $57.29. The average 1-year stock price forecast is 0.90% higher than the current stock price, while the lowest is $47.00 (-17.22%) and the highest is $63.00 (+10.95%).

Price Target: $57.29 (+0.90%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$47.00	$57.29	$58.00	$63.00
Change	-17.22%	+0.90%	+2.15%	+10.95%

Analyst Ratings

The average analyst rating for Hydro One stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	2	2	2
Hold	10	10	10	10	10	9
Sell	2	2	2	1	1	1
Strong Sell	1	1	1	1	1	2
Total	14	14	14	14	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Julien Dumoulin Smith Jefferies	Jefferies	Sell Downgrades $50.00 → $48.00	Sell	Downgrades	$50.00 → $48.00	-15.46%	Jun 1, 2026
Michael Lonegan Barclays	Barclays	Buy Maintains $63.00	Buy	Maintains	$63.00	+10.95%	May 15, 2026
John Mould TD Cowen	TD Cowen	Hold Maintains $57.00 → $58.00	Hold	Maintains	$57.00 → $58.00	+2.15%	May 14, 2026
Robert Hope Scotiabank	Scotiabank	Hold Maintains $53.00 → $58.00	Hold	Maintains	$53.00 → $58.00	+2.15%	May 14, 2026
Benjamin Pham BMO Capital	BMO Capital	Hold Maintains $55.00 → $58.00	Hold	Maintains	$55.00 → $58.00	+2.15%	May 14, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

9.42B

from 9.04B

4.19%

from 9.04B

Revenue Next Year

9.69B

from 9.42B

2.92%

from 9.42B

EPS This Year

2.30

from 2.23

2.94%

from 2.23

EPS Next Year

2.38

from 2.30

3.67%

from 2.30

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	7.23B	7.78B	7.84B	8.48B	9.04B	9.42B
Revenue Growth	-0.89%	7.68%	0.82%	8.16%	6.57%	4.19%
Net Income	965.00M	1.05B	1.09B	1.16B	1.34B	1.38B
EPS	-	-	-	-	2.23	2.30
EPS Growth	-	-	-	-	16.15%	2.94%
Dividend / Share	1.05	1.11	1.17	1.24	1.31	1.39
Dividend Growth	-	5.25%	5.76%	6.09%	5.93%	5.46%
Free Cash Flow	-624.88M	-245.25M	-763.50M	-1.08B	-1.11B	93.60M
FFO	-	-	-	-	-	2.57B
FFO / Share	-	-	-	-	-	4.30
P/FFO	-	-	-	-	-	13.20
No. Analysts	-	-	-	-	-	6

EPS based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue	2026	2027	2028
High	9.5B
Avg	9.4B
Low	9.3B

Revenue Growth

Revenue Growth	2026	2027	2028
High	4.7%
Avg	4.2%
Low	3.3%

EPS Forecast

EPS	2026	2027	2028
High	2.35
Avg	2.30
Low	2.25

EPS Growth

EPS Growth	2026	2027	2028
High	5.4%
Avg	2.9%
Low	0.8%