Based on the Fortis Inc stock forecast from 2 analysts, the average analyst target price for Fortis Inc is USD 61.00 over the next 12 months. Fortis Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Fortis Inc is Slightly Bullish , which is based on 6 positive signals and 5 negative signals. At the last closing, Fortis Inc’s stock price was USD 38.47. Fortis Inc’s stock price has changed by +2.26% over the past week, -2.26% over the past month and -13.38% 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) Stock
Based on ratings from 2 analysts Fortis Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 2 buy, sell and hold ratings.
FTS stock's dividend yield is 4.41%.
Our analysis grades FTS stock's dividend yield at F. This means that FTS stock's dividend yield is above 52% of the stocks in the Utilities - Regulated Electric sector in the NYE exchange.
Based on this FTS may be a average dividend stock for its sector.
Based on targets from 2 analysts, the average taret price for FTS is USD 61.00 over the next 12 months. The maximum analyst target price is USD 61 while the minimum anlayst target price is USD 61.
FTS stock's Price/Earning ratio is 17.27.
Our analysis grades FTS stock's Price / Earning ratio at F. This means that FTS stock's Price/Earning ratio is above 47% of the stocks in the Utilities - Regulated Electric sector in the NYE exchange.
Based on this FTS may be fairly valued for its sector
The last closing price of FTS's stock was USD 38.47.
The most recent market capitalization for FTS is USD 19.49B.
Based on targets from 2 analysts, the average taret price for FTS is projected at USD 61.00 over the next 12 months.
This means that FTS's stock price may go up by +58.57% over the next 12 months.
Following are ETFs with the highest allocation to Fortis Inc's stock :
As per our most recent records Fortis Inc has 9,598 Employees.
Fortis Inc's registered address is Fortis Place, St. 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
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.
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.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
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.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
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.
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.
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