Fortis (FTS) Stock Forecast & Price Target

$44.13 +0.25 (+0.57%)

Closing price 03/3/2025 03:59 PM Eastern

Extended Trading

$44.29 +0.16 (+0.36%)

As of 03/3/2025 06:41 PM Eastern

Fortis - Analysts' Recommendations and Stock Price Forecast (2025)

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

Reduce

Based on 4 Analyst Ratings

Sell
2

Hold
2

Buy
0

Based on 4 Wall Street analysts who have issued ratings for Fortis in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 4 analysts, 2 have given a sell rating, and 2 have given a hold rating for FTS.

Consensus Price Target

N/A

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FTS Analyst Ratings Over Time

Type	Current Forecast 3/4/24 to 3/4/25	1 Month Ago 2/3/24 to 2/2/25	3 Months Ago 12/5/23 to 12/4/24	1 Year Ago 3/5/23 to 3/4/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	$55.13
Forecasted Upside	N/A	N/A	N/A	41.33% Upside
Consensus Rating	Reduce	Sell	Strong Sell	Hold

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	S&P 500
Consensus Rating Score	1.50	2.55	2.53
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	N/A	23.48% Upside	16.00% Upside
News Sentiment Rating	Neutral News See Recent FTS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/13/2025	Jefferies Financial Group 2 of 5 stars		Initiated Coverage	Hold
11/6/2024	Raymond James 4 of 5 stars	D. Quezada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
9/20/2024	Bank of America 3 of 5 stars		Initiated Coverage	Underperform
9/10/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Appicelli Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell
12/12/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underweight
9/28/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$61.00	+58.69%
8/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$61.50 ➝ $60.50	+53.13%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:23 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 Friday, February 28, 2025. 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. has shown a strong market presence with a current stock price of $44.81, reflecting a stable investment opportunity in the utilities sector.
The company has a market capitalization of approximately $22.37 billion, indicating a solid financial foundation and the ability to sustain operations and growth.
Recent institutional investments, such as Van ECK Associates Corp increasing its position by 9.1%, suggest growing confidence among major investors in Fortis Inc.'s future performance.
Fortis Inc. has a relatively low beta of 0.50, which indicates lower volatility compared to the market, making it a potentially safer investment during uncertain economic times.
The company has a consistent dividend payout, appealing to income-focused investors looking for reliable returns.

Fortis
Bear Case

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

Recent downgrades by analysts, such as Raymond James reducing its rating from "outperform" to "market perform," may indicate potential challenges ahead for the company's stock performance.
With 57.77% of the stock owned by institutional investors, there may be less room for retail investors to influence the stock price, which could limit individual investor gains.
The price-to-earnings ratio of 18.83, while not excessively high, may suggest that the stock is priced at a premium compared to some peers in the utilities sector, which could deter value investors.
Fortis Inc. has a debt-to-equity ratio of 1.32, indicating a higher level of debt relative to equity, which could pose risks if interest rates rise or if the company faces financial difficulties.
Recent trading volumes have shown fluctuations, with a significant drop from average volumes, which may indicate reduced investor interest or confidence in the stock.

FTS Forecast - Frequently Asked Questions

: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" FTS shares.
: According to analysts, Fortis's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Fortis has been rated by research analysts at Jefferies Financial Group in the past 90 days.
: Analysts like Fortis less than other "utilities" companies. The consensus rating for Fortis is Reduce while the average consensus rating for "utilities" companies is Moderate Buy. Learn more on how FTS compares to other companies.

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This page (NYSE:FTS) was last updated on 3/4/2025 by MarketBeat.com Staff

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Fortis (FTS) Stock Forecast & Price Target