Fortis (FTS) Stock Forecast & Price Target

Q: What analysts cover Fortis?

Fortis has been rated by research analysts at Barclays , Canadian Imperial Bank of Commerce , and Desjardins in the past 90 days.

C$75.31 +0.24 (+0.32%)

As of 10/2/2026 04:15 PM Eastern

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Fortis - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
5

Buy
5

Based on 10 Wall Street analysts who have issued ratings for Fortis in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 5 have given a hold rating, and 5 have given a buy rating for FTS.

Consensus Price Target

C$79.23
5.20% Upside

According to the 10 analysts' twelve-month price targets for Fortis, the average price target is C$79.23. The highest price target for FTS is C$85.00, while the lowest price target for FTS is C$70.00. The average price target represents a forecasted upside of 5.20% from the current price of C$75.31.

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.

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FTS Analyst Ratings Over Time

Type	Current Forecast 10/3/25 to 10/3/26	1 Month Ago 9/3/25 to 9/3/26	3 Months Ago 7/5/25 to 7/5/26	1 Year Ago 10/3/24 to 10/3/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	2 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$79.23	C$79.68	C$79.32	C$70.89
Forecasted Upside	5.20% Upside	4.06% Upside	-3.13% Downside	1.07% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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.

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.

Fortis Stock vs. The Competition

Type	Fortis	Utilities Companies
Consensus Rating Score	2.50	2.37
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Neutral News See Recent FTS News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Action	Rating	Price Target	Report Date Upside/Downside
9/30/2026	Barclays 3 of 5 stars	Lower Target	Overweight	C$82.00 ➝ C$76.00	+1.02%
9/22/2026	Canadian Imperial Bank of Commerce 3 of 5 stars	Lower Target		C$82.00 ➝ C$78.00	+2.94%
7/20/2026	Desjardins 4 of 5 stars	Boost Target	Buy	C$81.00 ➝ C$85.00	+3.84%
6/1/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Sector Perform	C$75.00 ➝ C$82.00	+8.87%
5/7/2026	TD Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Buy	C$83.00 ➝ C$84.00	+9.72%
4/28/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Outperform	C$78.50 ➝ C$80.50	+4.19%
2/13/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Sector Perform	C$79.00 ➝ C$80.00	+3.47%
2/13/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Market Perform	C$74.00 ➝ C$77.00	-0.41%
2/13/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Sector Perform	C$79.00 ➝ C$80.00	+3.47%
1/28/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lower Target		C$72.00 ➝ C$70.00	-3.49%
Get the Latest News and Ratings for FTS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter.
11/5/2025	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Buy	C$77.00 ➝ C$79.00	+10.29%
3/21/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$58.00 ➝ C$63.00	-2.64%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 04:08 AM ET.

Should I Buy Fortis Stock? FTS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 29, 2026. Please send any questions or comments about these Fortis pros and cons to contact@marketbeat.com.

Fortis
Bull Case

Here are some ways that investors could benefit from investing in Fortis Inc.:

Fortis Inc. offers a stable income stream with a current dividend yield of 3.41%, supported by a recent quarterly dividend payment of $0.64 per share that was paid on September 1st, 2026.
The stock is currently trading at $75.23, which is below the consensus price target of C$79.68, suggesting potential upside of approximately 6% for investors who align with the Moderate Buy consensus rating.
Fortis Inc. demonstrates low volatility with a beta of 0.34, indicating that the stock is significantly less volatile than the broader market, which can provide a defensive characteristic for portfolios during periods of market uncertainty.
Recent insider activity shows confidence in the company, with directors Pierre J Blouin, Julie Dobson, and Lisa Durocher all purchasing shares in July 2026 at prices ranging from $78.88 to $81.69.
The company maintains a strong operational footprint by owning and operating 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers, which provides a diversified and regulated revenue base.

Fortis
Bear Case

Investors should be bearish about investing in Fortis Inc. for these reasons:

Fortis Inc. carries a high debt-to-equity ratio of 143.60, indicating a significant level of leverage that may expose the company to higher financial risks and interest rate sensitivity.
Recent analyst sentiment has turned cautious, with Canadian Imperial Bank of Commerce lowering its price target from C$82.00 to C$78.00 and cutting its rating from strong-buy to hold in July 2026.
Scotiabank recently issued a pessimistic estimate for Fortis Inc., cutting its FY2027 earnings per share estimate to $3.83 from a prior $3.84, reflecting a slight downward revision in expected profitability.
The company's liquidity position is relatively weak, with a current ratio of 0.56 and a quick ratio of 0.36, suggesting that current liabilities exceed current assets, which could limit flexibility in managing short-term obligations.
Fortis Inc. has a high dividend payout ratio of 74.56%, meaning the company is distributing a large portion of its earnings as dividends, which may limit its capacity for reinvestment or future dividend growth.

FTS Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortis is C$79.23, with a high forecast of C$85.00 and a low forecast of C$70.00.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FTS shares.

According to analysts, Fortis's stock has a predicted upside of 5.20% based on their 12-month stock forecasts.

Over the previous 90 days, Fortis's stock had 1 downgrade by analysts.

Fortis has been rated by research analysts at Barclays, Canadian Imperial Bank of Commerce, and Desjardins in the past 90 days.

Analysts like Fortis more than other "utilities" companies. The consensus rating for Fortis is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how FTS compares to other companies.

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MarketBeat monitors more than a dozen sources for Fortis analyst ratings, with the most recent rating issued on 9/30/2026.

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Fortis (FTS) Stock Forecast & Price Target