Fortis (TSE:FTS - Get Free Report) was upgraded by stock analysts at TD Securities to a "strong-buy" rating in a research note issued to investors on Thursday, MarketBeat.com reports.
FTS has been the topic of several other research reports. Raymond James Financial dropped their target price on shares of Fortis from C$69.00 to C$62.50 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Royal Bank Of Canada lifted their price objective on 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. CIBC boosted their price objective on Fortis from C$68.00 to C$69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Scotiabank raised their target price on Fortis from C$66.00 to C$70.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Finally, Jefferies Financial Group lifted their price target on Fortis from C$67.00 to C$70.00 in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Fortis currently has a consensus rating of "Hold" and an average target price of C$65.14.
Get Our Latest Analysis on FTS
Fortis Stock Performance
Shares of TSE:FTS traded up C$0.38 during trading on Thursday, reaching C$65.02. The stock had a trading volume of 999,196 shares, compared to its average volume of 1,739,819. The stock has a fifty day simple moving average of C$66.07 and a two-hundred day simple moving average of C$63.77. The company has a quick ratio of 0.36, a current ratio of 0.74 and a debt-to-equity ratio of 142.31. Fortis has a 52 week low of C$52.68 and a 52 week high of C$69.24. The firm has a market capitalization of C$32.17 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 3.01 and a beta of 0.23.
Fortis Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Fortis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortis wasn't on the list.
While Fortis currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
