Fortis (TSE:FTS - Get Free Report) was upgraded by investment analysts at TD Securities to a "strong-buy" rating in a research report issued on Thursday,Zacks.com reports.
FTS has been the subject of several other reports. Jefferies Financial Group lifted their target price on Fortis from C$67.00 to C$70.00 in a research report on Monday, April 14th. Raymond James Financial lowered their price objective on shares of Fortis from C$69.00 to C$62.50 and set a "market perform" rating for the company in a research note on Thursday, April 17th. CIBC upped their target price on shares of Fortis from C$68.00 to C$69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. UBS Group raised their price target on shares of Fortis from C$58.00 to C$63.00 in a research report on Friday, March 21st. Finally, Royal Bank Of Canada boosted their price target on shares of Fortis from C$69.00 to C$72.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of C$65.14.
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Fortis Stock Up 0.6%
Fortis stock opened at C$64.64 on Thursday. The company has a market capitalization of C$31.98 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 3.01 and a beta of 0.23. The company has a debt-to-equity ratio of 142.31, a quick ratio of 0.36 and a current ratio of 0.74. Fortis has a fifty-two week low of C$52.68 and a fifty-two week high of C$69.24. The firm has a 50 day moving average price of C$66.10 and a 200 day moving average price of C$63.69.
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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