Fortis (FTS) Stock Forecast & Price Target

$41.72 +0.56 (+1.36%)

(As of 12/20/2024 05:31 PM ET)

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

Sell

Based on 3 Analyst Ratings

Sell
2

Hold
1

Buy
0

Based on 3 Wall Street analysts who have issued ratings for Fortis in the last 12 months, the stock has a consensus rating of "Sell." Out of the 3 analysts, 2 have given a sell rating, and 1 has given a hold rating for FTS.

Consensus Price Target

N/A

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FTS Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
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	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	$61.00	$55.13
Forecasted Upside	N/A	N/A	35.54% Upside	35.41% Upside
Consensus Rating	Sell	Strong Sell	Strong Sell	Hold

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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	S&P 500
Consensus Rating Score	1.33	2.53	2.51
Consensus Rating	Sell	Moderate Buy	Moderate Buy
Predicted Upside	N/A	28.89% Upside	14.53% 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
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 4 of 5 stars	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%
2/13/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$55.00 ➝ C$56.00
1/23/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$57.00 ➝ C$58.00
1/10/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$55.00 ➝ C$57.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 05:28 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 Thursday, December 12, 2024. 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. recently reported earnings per share (EPS) of $0.85, significantly exceeding the consensus estimate of $0.59, indicating strong financial performance and effective management.
The company has increased its quarterly dividend to $0.615, up from $0.43, reflecting a commitment to returning value to shareholders. This results in an annualized dividend yield of approximately 5.50%, which is attractive for income-focused investors.
As of the latest trading session, Fortis Inc. stock is priced at $44.70, which is near its 52-week high of $46.06, suggesting strong market confidence in the company's future performance.
Fortis Inc. operates in the stable utilities sector, providing electric and gas services, which typically offers consistent revenue streams and lower volatility compared to other sectors.
The company has a solid return on equity (ROE) of 7.03% and a net margin of 14.06%, indicating efficient use of equity and profitability, which are positive indicators for potential investors.

Fortis
Bear Case

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

Three analysts have rated Fortis Inc. with a sell rating, and the consensus rating is "Reduce," suggesting that market sentiment may be cautious regarding the stock's future performance.
Bank of America has issued an "underperform" rating, indicating that the stock may not perform as well as the market or its peers, which could be a red flag for potential investors.
The company's debt-to-equity ratio stands at 1.26, which indicates a relatively high level of debt compared to equity. This could pose risks, especially in a rising interest rate environment.
Fortis Inc. has a price-to-earnings (P/E) ratio of 18.80, which may be considered high compared to industry averages, potentially indicating that the stock is overvalued.
Recent downgrades from analysts, including a reduction from "outperform" to "market perform," may signal a lack of growth potential in the near term, which could deter investors looking for strong upward momentum.

FTS Forecast - Frequently Asked Questions

: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "sell" FTS shares.
: According to analysts, Fortis's stock has a predicted downside of -100.00% 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 Raymond James in the past 90 days.
: Analysts like Fortis less than other "utilities" companies. The consensus rating for Fortis is Sell 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 12/22/2024 by MarketBeat.com Staff

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Fortis (FTS) Stock Forecast & Price Target