Based on the Fortis Inc stock forecast from 9 analysts, the average analyst target price for Fortis Inc is CAD 60.74 over the next 12 months. Fortis Inc’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Fortis Inc is Bearish, which is based on 3 positive signals and 11 negative signals. At the last closing, Fortis Inc’s stock price was CAD 60.05. Fortis Inc’s stock price has changed by +1.25% over the past week, -4.53% over the past month and +11.29% over the last year.
No recent analyst target price found for Fortis Inc
No recent average analyst rating found for Fortis Inc
Company Overview Fortis Inc
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada. Read Less
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's...Read More
Frequently Asked Questions About Fortis Inc (FTS:CA) Stock
Based on ratings from 9 analysts Fortis Inc's stock is Hold . Stock Target Advisor's fundamental analysis is Bearish. The stock has 1 buy, 2 sell and 13 hold ratings.
FTS:CA stock's dividend yield is 4.10%.
Our analysis grades FTS:CA stock's dividend yield at F. This means that FTS:CA stock's dividend yield is above 21% of the stocks in the Utilities - Regulated Electric sector in the TSX exchange.
Based on this FTS:CA may be a poor dividend stock for its sector.
Based on targets from 9 analysts, the average taret price for FTS:CA is CAD 60.74 over the next 12 months. The maximum analyst target price is CAD 65 while the minimum anlayst target price is CAD 53.
FTS:CA stock's Price/Earning ratio is 18.58.
Our analysis grades FTS:CA stock's Price / Earning ratio at F. This means that FTS:CA stock's Price/Earning ratio is above 83% of the stocks in the Utilities - Regulated Electric sector in the TSX exchange.
Based on this FTS:CA may be a overvalued for its sector.
The last closing price of FTS:CA's stock was CAD 60.05.
The most recent market capitalization for FTS:CA is CAD 29.96B.
Based on targets from 9 analysts, the average taret price for FTS:CA is projected at CAD 60.74 over the next 12 months.
This means that FTS:CA's stock price may go up by +1.14% over the next 12 months.
We can't find any ETFs which contains Fortis Inc's stock.
As per our most recent records Fortis Inc has 9,600 Employees.
Fortis Inc's registered address is Fortis Place, Saint John's, NF, Canada, A1E 0E4.
You can get more information about it from Fortis Inc's website at https://www.fortisinc.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
What not to like
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Poor return on equity
The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.
Low Dividend Growth
This stock has shown below median dividend growth in the previous 5 years compared to its sector.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Frequently Asked Questions About Fortis Inc (FTS:CA) Stock
Based on ratings from 9 analysts Fortis Inc's stock is Hold . Stock Target Advisor's fundamental analysis is Bearish. The stock has 1 buy, 2 sell and 13 hold ratings.
FTS:CA stock's dividend yield is 4.10%.
Our analysis grades FTS:CA stock's dividend yield at F. This means that FTS:CA stock's dividend yield is above 21% of the stocks in the Utilities - Regulated Electric sector in the TSX exchange.
Based on this FTS:CA may be a poor dividend stock for its sector.
Based on targets from 9 analysts, the average taret price for FTS:CA is CAD 60.74 over the next 12 months. The maximum analyst target price is CAD 65 while the minimum anlayst target price is CAD 53.
FTS:CA stock's Price/Earning ratio is 18.58.
Our analysis grades FTS:CA stock's Price / Earning ratio at F. This means that FTS:CA stock's Price/Earning ratio is above 83% of the stocks in the Utilities - Regulated Electric sector in the TSX exchange.
Based on this FTS:CA may be a overvalued for its sector.
The last closing price of FTS:CA's stock was CAD 60.05.
The most recent market capitalization for FTS:CA is CAD 29.96B.
Based on targets from 9 analysts, the average taret price for FTS:CA is projected at CAD 60.74 over the next 12 months.
This means that FTS:CA's stock price may go up by +1.14% over the next 12 months.
We can't find any ETFs which contains Fortis Inc's stock.
As per our most recent records Fortis Inc has 9,600 Employees.
Fortis Inc's registered address is Fortis Place, Saint John's, NF, Canada, A1E 0E4.
You can get more information about it from Fortis Inc's website at https://www.fortisinc.com.
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