Fortis (FTS) Stock Forecast & Price Target

C$60.01 +0.71 (+1.20%)

(As of 12/20/2024 05:17 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

Reduce

Based on 9 Analyst Ratings

Sell
3

Hold
6

Buy
0

Based on 9 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 9 analysts, 3 have given a sell rating, and 6 have given a hold rating for FTS.

Consensus Price Target

C$60.33
0.54% Upside

According to the 9 analysts' twelve-month price targets for Fortis, the average price target is C$60.33. The highest price target for FTS is C$65.00, while the lowest price target for FTS is C$53.00. The average price target represents a forecasted upside of 0.54% from the current price of C$60.01.

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FTS Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
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)	2 Buy rating(s)	1 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	C$60.33	C$60.33	C$60.10	C$57.42
Forecasted Upside	0.54% Upside	-3.59% Downside	-0.83% Downside	6.42% Upside
Consensus Rating	Reduce	Reduce	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
Consensus Rating Score	1.67	2.53
Consensus Rating	Reduce	Moderate Buy
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 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
10/3/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform	C$62.00 ➝ C$65.00	+6.61%
9/20/2024	Bank of America 3 of 5 stars		Set Target	Underperform	C$60.00	-0.10%
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
9/5/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$59.00 ➝ C$61.00	+0.10%
8/23/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$56.00 ➝ C$62.00	+4.18%
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8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$56.00 ➝ C$63.00	+6.37%
8/1/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$57.00 ➝ C$59.00	+1.37%
7/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$52.00 ➝ C$53.00	-6.14%
5/8/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$56.00 ➝ C$59.00	+5.79%
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%
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%
5/4/2023	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 Saturday at 11:57 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 Wednesday, December 11, 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. has a strong market capitalization of C$31.12 billion, indicating a robust financial position that can support growth and stability.
The company recently reported earnings per share of C$0.93, surpassing analyst expectations, which reflects strong operational performance.
Fortis Inc. has a history of increasing dividends, with a recent quarterly dividend announcement, which can provide a steady income stream for investors.
The average target price set by analysts is C$60.33, suggesting potential upside from the current stock price of C$62.85, indicating that the stock may still have room for growth.
With a low beta of 0.23, Fortis Inc. is considered less volatile compared to the market, making it a potentially safer investment during uncertain economic times.

Fortis
Bear Case

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

The stock has a relatively high price-to-earnings (P/E) ratio of 19.79, which may indicate that it is overvalued compared to its earnings potential.
Fortis Inc. has a debt-to-equity ratio of 128.59, suggesting a high level of debt relative to equity, which could pose risks in times of rising interest rates.
Recent analyst ratings have leaned towards a "Reduce" recommendation, with three analysts issuing sell ratings, indicating a lack of confidence in short-term performance.
The stock has experienced fluctuations, with a fifty-two week high of C$63.40 and a low of C$51.02, indicating potential instability in its price movements.
Analysts have noted a decrease in revenue expectations, with actual revenue reported at C$3.12 billion, falling short of estimates, which could impact future growth prospects.

FTS Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortis is C$60.33, with a high forecast of C$65.00 and a low forecast of C$53.00.
: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 3 sell ratings and 6 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 upside of 0.54% 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, and Royal Bank of Canada 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 (TSE:FTS) was last updated on 12/21/2024 by MarketBeat.com Staff

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Fortis (FTS) Stock Forecast & Price Target