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Fortis (FTS) Stock Forecast & Price Target

C$55.80
+0.71 (+1.29%)
(As of 07/18/2024 ET)

Fortis - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 8 Wall Street analysts who have issued ratings for Fortis in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 1 has given a sell rating, 6 have given a hold rating, and 1 has given a buy rating for FTS.

Consensus Price Target

C$57.38
2.82% Upside
High ForecastC$61.50
Average ForecastC$57.38
Low ForecastC$50.00

According to the 8 analysts' twelve-month price targets for Fortis, the average price target is C$57.38. The highest price target for FTS is C$61.50, while the lowest price target for FTS is C$50.00. The average price target represents a forecasted upside of 2.82% from the current price of C$55.80.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$57.38C$57.38C$57.31C$58.65
Forecasted Upside2.82% Upside5.86% Upside5.44% Upside1.94% Upside
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FTS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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FTS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Fortis Stock vs. The Competition

TypeFortisUtilities Companies
Consensus Rating Score
2.00
2.46
Consensus RatingHoldHold
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/8/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetC$56.00 ➝ C$59.00+5.79%
5/2/2024BMO Capital Markets
3 of 5 stars
 Boost TargetMarket PerformC$58.00 ➝ C$58.50+7.36%
5/2/2024CIBC
3 of 5 stars
 Boost TargetNeutralC$56.00 ➝ C$57.00+4.61%
4/25/2024Raymond James
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 Lower TargetC$62.00 ➝ C$59.00+10.10%
4/22/2024Scotiabank
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 Lower TargetSector PerformC$60.00 ➝ C$56.00+5.07%
1/30/2024National Bankshares
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 Boost TargetSector PerformC$52.00 ➝ C$55.00+2.06%
1/22/2024JPMorgan Chase & Co.
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 Lower TargetUnderweightC$53.00 ➝ C$50.00-7.36%
1/16/2024Bank of America
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 Boost TargetC$49.00 ➝ C$50.00-9.40%
10/30/2023TD Securities
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 Lower TargetBuyC$63.00 ➝ C$61.00+10.51%
9/11/2023Royal Bank of Canada
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 Lower TargetSector PerformC$65.00 ➝ C$61.00+13.15%
8/24/2023CSFB
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 Boost TargetNeutralC$60.50 ➝ C$61.50+14.61%
8/24/2023Credit Suisse Group
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 Lower TargetC$61.50 ➝ C$60.50+12.81%
5/19/2023UBS Group
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 Lower TargetC$54.00 ➝ C$53.00-9.57%
5/4/2023Susquehanna Bancshares
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 Boost TargetC$56.00 ➝ C$57.00-6.19%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:48 PM ET.

FTS Forecast - Frequently Asked Questions

What is Fortis' forecast for 2024?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortis is C$57.38, with a high forecast of C$61.50 and a low forecast of C$50.00.

Should I buy or sell Fortis stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There is currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" FTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTS, but not buy additional shares or sell existing shares.

Does Fortis's stock price have much upside?

According to analysts, Fortis's stock has a predicted upside of 5.86% based on their 12-month stock forecasts.

What analysts cover Fortis?

Fortis has been rated by research analysts at BMO Capital Markets, CIBC, Raymond James, Scotiabank, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Fortis more than its competitors?

Analysts like Fortis less than other "utilities" companies. The consensus rating score for Fortis is 2.00 while the average consensus rating score for "utilities" companies is 2.46. Learn more on how FTS compares to other companies.


This page (TSE:FTS) was last updated on 7/18/2024 by MarketBeat.com Staff

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