Fortis (FTS) Stock Forecast & Price Target

$44.28 -0.02 (-0.05%)

(As of 11/12/2024 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

Strong Sell

Based on 4 Analyst Ratings

Sell
3

Hold
1

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 "Strong Sell." Out of the 4 analysts, 3 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 11/14/23 to 11/13/24	1 Month Ago 10/15/23 to 10/14/24	3 Months Ago 8/16/23 to 8/15/24	1 Year Ago 11/14/22 to 11/14/23
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)	0 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	$52.83	$55.13
Forecasted Upside	N/A	N/A	21.14% Upside	33.93% Upside
Consensus Rating	Strong Sell	Strong Sell	Reduce	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	1.25	2.51	2.50
Consensus Rating	Strong Sell	Moderate Buy	Hold
Predicted Upside	N/A	19.65% Upside	7.94% 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 4 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
12/14/2022	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:32 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, November 1, 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. stock has been performing well, with a recent increase of 0.7%.
Fortis Inc. has a strong institutional investor base, with significant holdings from reputable firms like Vanguard Group Inc. and FIL Ltd.
Fortis Inc. has a stable debt-to-equity ratio of 1.26, indicating a balanced financial structure.
Analysts have shown positive sentiment towards Fortis Inc., with upgrades from "sell" to "hold" ratings by StockNews.com.
Fortis Inc. has a consistent track record of dividend payments, making it an attractive option for income-focused investors.

Fortis
Bear Case

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

Fortis Inc. has a relatively low quick ratio of 0.58, which may indicate potential liquidity challenges.
UBS Group recently raised Fortis Inc. to a "strong sell" rating, signaling potential concerns about the company's performance.
Fortis Inc. has a price-to-earnings-growth ratio of 3.21, which may suggest that the stock is currently overvalued based on its growth prospects.
The company's beta of 0.47 indicates lower volatility compared to the market average, potentially limiting short-term trading opportunities.
Fortis Inc. is trading near its 12-month high, which could pose a risk for investors looking for potential capital appreciation.

FTS Forecast - Frequently Asked Questions

: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 3 sell ratings and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong 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 upgrade and 1 downgrade by analysts.
: Fortis has been rated by research analysts at Bank of America, Raymond James, and UBS Group in the past 90 days.
: Analysts like Fortis less than other "utilities" companies. The consensus rating for Fortis is Strong 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 11/13/2024 by MarketBeat.com Staff

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Fortis (FTS) Stock Forecast & Price Target