Fortis Stock (FTS:TSX) gets a Hold rating from analysts

The fundamental analysis for Fortis stock is graded at a  score of 4.6 out of 10. Where the stock is Neutral (not bearish or bullish).

Fortis Stock Analysis:

 Analysts rate Fortis stock with a consensus Hold rating and a 12-month average target price of $57.25 per share.
 
According to Fortis stock projections, the average 12-month target price is CAD 57.25. Based on 12 analysts’ projections for Fortis.
 
The average analyst rating for Fortis is Hold. Fortis stock analysis by Stock Target Advisor is Neutral. Based on 6 positive and 7 negative indications.
 
The stock price of Fortis was CAD 52.87 at the most recent closing. Fortis share price changed by +0.53% over the previous week, +5.17% over the previous month, and -5.82% over the previous year.
 

About Fortis (FTS:CA:TSX)

 
Fortis provides gas and electricity services in the USA, Canada and the Caribbean. It has a combined capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MW of wind capacity. It generates, transmits, and distributes energy. Fortis provides for:
  • 438,000 retail customers in Southeast Arizona
  • 100,000 retail customers in Arizona’s Mohave and Santa Cruz counties.
 Apart from this, Fortis provides wholesale energy in the Western United States.
 
Fortis distributes natural gas to over 1,065,000 users in British Columbia, Canada. They are residential, industrial and commercial users.
 
Owns 65 MW of combined gas-fired and hydroelectric-producing capacity.

Electricity Distribution

It also owns and manages the electricity distribution network.
 
Provides service to about 577,000 customers in central and southern Alberta.

Power Distribution

 
Owns four hydroelectric generating facilities with a combined capacity of 225 MW,
 
Offers management, operation, and maintenance services to five hydroelectric generating facilities.
 
With installed producing capacities of 143 MW in Newfoundland and Labrador’s island region.
 
130 MW in Prince Edward Island, the company distributes power.
 
Additionally, it serves about 68,000 customers in Ontario,
 
272,000 consumers in Newfoundland and Labrador,
 
32,000 customers on Grand Cayman in the Cayman Islands,
 
16,000 customers on a few Turks and Caicos islands.

Other Services

 
The company also owns long-term contractual generation assets in Belize. Including the Aitken Creek natural gas storage facility.
 
3 hydroelectric-producing facilities with a combined capacity of 51 MW.
 
It owns and manages about 50,500 km of natural gas pipelines as well as about 90,200 km of distribution lines.
 
With its corporate headquarters in St. John’s, Canada, Fortis got established in 1885.
 

Fundamental Stock Analysis:

Positive Fundamentals:

High market capitalization. This organization is among the top quartile and is one of the biggest in its industry. These businesses are more reliable.
 
Superior returns on riskFortis stock has outperformed its sector rivals on a risk-adjusted basis. This is over the course of at least a 12-month holding period.
 
Priced below what the book would bear.  On a price-to-book value metric, the stock is trading at a low price compared to its peers and is in the top quartile. It can be low-priced. Be sure there isn’t a specific explanation by looking at its financial performance.
 
A healthy cash flow.  The last four quarters saw positive total cash flow for the organization.
 
A favourable free cash flow.  The last four quarters saw the company generate positive total free cash flow.
 
Cheap based on free cash flow.  On a price-to-free cash flow ratio, the stock is trading at a low price compared to its peers and is in the top quartile. It might be low-priced. Be sure there isn’t a specific explanation by looking at its financial performance.
 

Negative Fundamentals:

Expensive in relation to earnings.  The stock is trading above the sector median and at a premium to its peers based on price to earnings.
 
Low equity return. The company has produced a lower-than-average return on equity. This is during the past four quarters.
 
Inadequate capitalization. The company produced a lower median return on invested capital. This is during the past four quarters.
 
Poor asset return.  The management of the company produced a lower median return on assets. This was during the past four quarters.
 
Leveraged.  Debt to an equity basis, the company is in the bottom half of its sector rivals. Check the news, though, and study the sector and management remarks. This can be high at times since the business is attempting to grow.
 
Priced based on free cash flow.  On a price-to-free cash flow basis, the stock is trading at a premium to that of its competitors. Its pricing is higher than the sector median.
 
Low growth in earningsIn comparison, this stock’s five-year median earnings growth was lower than average.
 

Fortis Fundamental Analysis

The fundamental analysis for Fortis stock is graded at a  score of 4.6 out of 10. Where the stock is Neutral (not bearish or bullish).

Analysts rate PG&E Corp. (PCG:NYE) with a Buy rating and a $15 target

Credit Suisse maintains the outperform rating with a $16 PCG stock price target.

Based on the PG&E Stock Forecast from 5 analysts, the average analyst PCG stock price target is USD 15.56 over the next 12 months. PG&E Corp’s average analyst rating is Buy. Stock Target Advisor’s own stock analysis of PCG stock forecast is Bearish, which is based on 3 positive signals and 12 negative signals. At the last closing, PCG stock price was USD 12.50PCG stock price has changed by -0.11% over the past week, -0.05% over the past month and +30.07% over the last year.

 

About PG&E Corp. (PCG:NYE):

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1905 and is headquartered in San Francisco, California.

 

What we like:

High market capitalization:

PG&E stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow:

PG&E stock had positive total cash flow in the most recent four quarters.

Positive free cash flow:

PG&E stock had positive total free cash flow in the most recent four quarters.

 

What we don’t like:

Poor risk adjusted returns:

PG&E stock is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

High volatility:

The total returns for PG&E stock 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.

Below median total returns:

The company has under-performed its peers on annual average total returns in the past 5 years.

Below median dividend returns:

The average income yield of PG&E stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings:

PCG stock price is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on cashflow basis:

PCG stock price 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.

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.

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 stock analysis and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on free cash flow basis:

PCG stock price is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth:

PCG stock price has shown below median earnings growth in the previous 5 years compared to its sector.

Analysts rate Fortis Inc.(FTS:TSX) with a Hold rating and a target price of $59.67

Fortis Inc Stock Analysis:

Analysts rate Fortis Inc. with a consensus Hold rating and a 12-month average target price of $59.67 per share.

Based on the Fortis Inc stock forecasts from 14 analysts, the average analyst target price for Fortis Inc is CAD 59.67 over the next 12 months. Fortis Inc’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Fortis Inc is Neutral, which is based on 7 positive signals and 7 negative signals. At the last closing, Fortis Inc’s stock price was CAD 52.48Fortis Inc’s stock price has changed by -6.60% over the past week, -9.91% over the past month and -6.17% over the last year.

About Fortis Inc (FTS:CA:TSX)

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 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 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 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 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 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company 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 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John’s, Canada.

What we like:

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.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

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.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What we don’t like:

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.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

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.

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.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector.

Analysts rate Emera Inc.(EMA:TSX) with a Hold rating and a target price of $62

Analysts rate Emera Incorporated with a consensus Hold rating and a 12-month average target price of $62.05 per share.

Based on the Emera Incorporated stock forecast from 10 analysts, the average analyst target price for Emera Incorporated is CAD 62.05 over the next 12 months. Emera Incorporated’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Emera Incorporated is Slightly Bearish, which is based on 6 positive signals and 10 negative signals. At the last closing, Emera Incorporated’s stock price was CAD 61.37Emera Incorporated’s stock price has changed by -1.71% over the past week, -2.34% over the past month and +5.05% over the last year.

What we like:

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

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.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What we don’t like:

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

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.

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.

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.

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.

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.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector.