Fortis (FTS) Stock Forecast & Price Target

C$56.73

+0.44 (+0.78%)

(As of 07/26/2024 ET)

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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

Hold
Based on 8 Analyst Ratings

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$57.63
1.58% Upside

High Forecast	C$61.50
Average Forecast	C$57.63
Low Forecast	C$50.00

According to the 8 analysts' twelve-month price targets for Fortis, the average price target is C$57.63. 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 1.58% from the current price of C$56.73.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
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 Target	C$57.63	C$57.38	C$56.77	C$58.46
Forecasted Upside	1.58% Upside	5.86% Upside	4.44% Upside	1.66% 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.

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	2.00	2.47
Consensus Rating	Hold	Hold
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/25/2024	JPMorgan Chase & Co. 3 of 5 stars	Boost Target		C$52.00 ➝ C$53.00	-6.14%
5/8/2024	Wells Fargo & Company 3 of 5 stars	Boost Target		C$56.00 ➝ C$59.00	+5.79%
5/2/2024	BMO Capital Markets 3 of 5 stars	Boost Target	Market Perform	C$58.00 ➝ C$58.50	+7.36%
5/2/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	C$56.00 ➝ C$57.00	+4.61%
4/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$62.00 ➝ C$59.00	+10.10%
4/22/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform	C$60.00 ➝ C$56.00	+5.07%
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.
1/30/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform	C$52.00 ➝ C$55.00	+2.06%
1/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$49.00 ➝ C$50.00	-9.40%
10/30/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$63.00 ➝ C$61.00	+10.51%
9/11/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform	C$65.00 ➝ C$61.00	+13.15%
8/24/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	C$60.50 ➝ C$61.50	+14.61%
8/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$61.50 ➝ C$60.50	+12.81%
5/19/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$54.00 ➝ C$53.00	-9.57%
5/4/2023	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$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 Friday at 09:24 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$57.63, 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 research 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 research 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 6.07% based on their 12-month stock forecasts.
What analysts cover Fortis?: Fortis has been rated by research analysts at BMO Capital Markets, CIBC, JPMorgan Chase & Co., 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 2.47. Learn more on how FTS compares to other companies.