FTS Logo

Fortis Inc-Canada (FTS) Stock Forecast & Price Prediction

Live FTS Stock Price & Analysis

Home โ€บ Stocks โ€บ Canada | NYSE | Utilities | Utilities - Regulated Electric

$43.52

-0.05 (-0.11%)

12 Month Price Forecast For FTS

$43.52
Current Price
$21.73B
Market Cap
15 Ratings
Buy 1
Hold 10
Sell 4
Wall St Analyst Ratings

Distance to FTS Price Forecasts

+1.0%
To High Target of $43.97
-3.5%
To Median Target of $41.99
-8.1%
To Low Target of $40.00

FTS Price Momentum

+1.9%
1 Week Change
+6.7%
1 Month Change
+11.4%
1 Year Change
+4.7%
Year-to-Date Change
-5.5%
From 52W High of $46.06
+18.1%
From 52W Low of $36.86

๐Ÿค” Considering Fortis (FTS)?

Join 5,000+ investors getting our exclusive market analysis every Monday & Thursday. Stay ahead of breakout opportunities.

Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 10, 2025 5:12 PM UTC

FTS Analyst Ratings & Price Targets

Based on our analysis of 5 Wall Street analysts, FTS has a consensus that is neutral. The median price target is $41.99, with forecasts ranging from $40.00 to $43.97. Currently, there are 1 Buy ratings, 10 Hold ratings, and 4 Sell ratings.

With FTS currently trading at $43.52, the median price forecast suggests a -3.5% downside. The most optimistic forecast comes from at , projecting a 1.0% upside, while at provides the most conservative target, suggesting a -8.1% downside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

FTS Analyst Consensus

1
Buy
10
Hold
4
Sell

FTS Price Target Range

Low
$40.00
Average
$41.99
High
$43.97
Current: $43.52

Latest FTS Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for FTS.

Date Firm Analyst Rating Change Price Target
Aug 24, 2023 Credit Suisse Andrew Kuske Neutral Maintains $60.50
Aug 3, 2023 Raymond James Outperform Maintains $0.00
Mar 24, 2023 RBC Capital Maurice Choy Sector Perform Reiterates $65.00
Oct 19, 2022 Raymond James David Quezada Outperform Upgrade $58.00
Jul 27, 2022 Edward Jones Mike Doyle Hold Downgrade $0.00
Jan 7, 2022 Scotiabank Sector Perform Downgrade $0.00
Oct 19, 2021 Wolfe Research Underperform Downgrade $0.00
Jun 1, 2021 BMO Capital Market Perform Downgrade $0.00
Jun 5, 2020 UBS Buy Maintains $62.00
Feb 14, 2020 Wells Fargo Overweight Maintains $64.00
Jan 30, 2020 CiBC Neutral Downgrade $0.00
Jan 30, 2020 CIBC Neutral Downgrade $0.00
Nov 22, 2019 Wells Fargo Outperform Reiterates $59.00
Aug 22, 2019 CIBC Neutral Downgrade $0.00
Jan 29, 2019 TD Securities Hold Downgrade $0.00
May 2, 2018 UBS Buy Initiates $0.00
Feb 27, 2017 JP Morgan Neutral Initiates $0.00

Stocks Similar to Fortis Inc-Canada

The following stocks are similar to Fortis based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Fortis Inc-Canada (FTS) Financial Data

Fortis Inc-Canada has a market capitalization of $21.73B with a P/E ratio of 19.3x. The company generates $7.98B in trailing twelve-month revenue with a 14.5% profit margin.

Revenue growth is +1.9% quarter-over-quarter, while maintaining an operating margin of +30.1% and return on equity of +7.5%.

Valuation Metrics

Market Cap $21.73B
Enterprise Value $39.25B
P/E Ratio 19.3x
PEG Ratio 17.8x
Price/Sales 1.9x

Growth & Margins

Revenue Growth (YoY) +1.9%
Gross Margin +73.4%
Operating Margin +30.1%
Net Margin +14.5%
EPS Growth +6.6%

Financial Health

Cash/Price Ratio +4.1%
Current Ratio 0.7x
Debt/Equity 131.3x
ROE +7.5%
ROA +3.0%

๐Ÿ”ฅ Want More High-Potential Stock Ideas?

Join 5,000+ investors getting our research on stocks with massive upside potential.

Fortis Inc-Canada logo

Fortis Inc-Canada (FTS) Company Overview

About Fortis Inc-Canada

What They Do

Electric and gas utility company operating in North America.

Business Model

The company generates, transmits, and distributes electricity and natural gas to residential, commercial, and industrial customers across Canada, the United States, and the Caribbean. It earns revenue through retail electricity and gas sales, wholesale electricity transactions, and service contracts for the operation and maintenance of generating facilities.

Additional Information

Fortis operates significant hydroelectric and gas-fired generation assets, and has a strong infrastructure with extensive distribution networks. The company serves a diverse customer base, including 1,087,000 natural gas customers in British Columbia and multiple electricity customers across various regions. Founded in 1885, Fortis is headquartered in St. John's, Canada, and boasts a history of stability and growth in the utility sector.

Company Information

Sector

Utilities

Industry

Utilities - Regulated Electric

Employees

9,600

CEO

Mr. David Gerard Hutchens

Country

Canada

IPO Year

2010

Fortis Inc-Canada (FTS) Latest News & Analysis

FTS stock latest news image
Quick Summary

Fortis (FTS) is not expected to meet the conditions for a potential earnings beat in its upcoming report, according to analysts' expectations.

Why It Matters

Fortis may underperform in its upcoming earnings report, signaling potential weakness in revenue or cost management, which could negatively impact stock performance and investor confidence.

Source: Zacks Investment Research
Market Sentiment: Neutral
FTS stock latest news image
Quick Summary

Fortis Inc. will release its 2024 financial results on February 14, 2025, followed by a teleconference at 8:30 a.m. Eastern with key executives discussing the results.

Why It Matters

Fortis Inc.'s upcoming financial results release and management discussion may impact stock valuations and investor sentiment, influencing trading decisions and market perceptions.

Source: GlobeNewsWire
Market Sentiment: Neutral
FTS stock latest news image
Quick Summary

Fortis (FTS) has a strong earnings surprise track record and is well-positioned for a potential earnings beat in its upcoming quarterly report.

Why It Matters

Fortis's strong earnings surprise history and favorable conditions suggest potential for positive future performance, which could boost investor confidence and stock value.

Source: Zacks Investment Research
Market Sentiment: Positive
FTS stock latest news image
Quick Summary

Dividends provide income from stocks regardless of market conditions, but it's essential to invest in companies with reliable dividend payments.

Why It Matters

Reliable dividends signal financial health and stability, attracting income-focused investors and potentially increasing stock demand and prices.

Source: The Motley Fool
Market Sentiment: Positive
FTS stock latest news image
Quick Summary

Dividend investors should evaluate multiple factors before selecting individual stocks for their portfolios.

Why It Matters

The excerpt highlights the need for careful analysis of factors influencing dividend stocks, signaling potential volatility or opportunity in these investments.

Source: 24/7 Wall Street
Market Sentiment: Positive
FTS stock latest news image
Quick Summary

In 2024, Dividend Kings had a total return of 5.53%, lagging behind the S&P 500's 24.89%. Their returns were driven by earnings growth and dividends, while P/E ratio changes detracted.

Why It Matters

The underperformance of Dividend Kings versus the S&P 500 highlights potential valuation concerns, influencing investor sentiment and strategy regarding dividend-focused stocks.

Source: Seeking Alpha
Market Sentiment: Neutral

Frequently Asked Questions About FTS Stock

What is Fortis Inc-Canada's (FTS) stock forecast for 2025?

Based on our analysis of 5 Wall Street analysts, Fortis Inc-Canada (FTS) has a median price target of $41.99. The highest price target is $43.97 and the lowest is $40.00.

Is FTS stock a good investment in 2025?

According to current analyst ratings, FTS has 1 Buy ratings, 10 Hold ratings, and 4 Sell ratings. The stock is currently trading at $43.52. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for FTS stock?

Wall Street analysts predict FTS stock could reach $41.99 in the next 12 months. This represents a -3.5% decrease from the current price of $43.52. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Fortis Inc-Canada's business model?

The company generates, transmits, and distributes electricity and natural gas to residential, commercial, and industrial customers across Canada, the United States, and the Caribbean. It earns revenue through retail electricity and gas sales, wholesale electricity transactions, and service contracts for the operation and maintenance of generating facilities.

What is the highest forecasted price for FTS Fortis Inc-Canada?

The highest price target for FTS is $43.97 from at , which represents a 1.0% increase from the current price of $43.52.

What is the lowest forecasted price for FTS Fortis Inc-Canada?

The lowest price target for FTS is $40.00 from at , which represents a -8.1% decrease from the current price of $43.52.

What is the overall FTS consensus from analysts for Fortis Inc-Canada?

The overall analyst consensus for FTS is neutral. Out of 5 Wall Street analysts, 1 rate it as Buy, 10 as Hold, and 4 as Sell, with a median price target of $41.99.

How accurate are FTS stock price projections?

Stock price projections, including those for Fortis Inc-Canada, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.