Fortis (TSE:FTS - Get Free Report) has been assigned a C$74.00 target price by equities research analysts at TD Securities in a research note issued on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price objective indicates a potential upside of 14.53% from the stock's current price.
A number of other research analysts also recently issued reports on FTS. UBS Group lifted their price target on Fortis from C$58.00 to C$63.00 in a report on Friday, March 21st. Scotiabank lifted their target price on Fortis from C$66.00 to C$70.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Raymond James Financial reduced their target price on shares of Fortis from C$69.00 to C$62.50 and set a "market perform" rating for the company in a report on Thursday, April 17th. Royal Bank Of Canada raised their price target on shares of Fortis from C$69.00 to C$72.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Finally, CIBC lifted their price objective on shares of Fortis from C$68.00 to C$69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$65.14.
Check Out Our Latest Research Report on FTS
Fortis Stock Up 0.6%
TSE:FTS traded up C$0.36 during trading hours on Friday, reaching C$64.61. The company's stock had a trading volume of 299,091 shares, compared to its average volume of 1,740,242. The company has a market capitalization of C$31.96 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 3.01 and a beta of 0.23. Fortis has a 12 month low of C$52.68 and a 12 month high of C$69.24. The company has a debt-to-equity ratio of 142.31, a quick ratio of 0.36 and a current ratio of 0.74. The stock has a 50 day moving average price of C$66.14 and a two-hundred day moving average price of C$63.67.
Fortis Company Profile
(
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Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S.
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