• Consensus Rating: Hold
  • Consensus Price Target: $55.13
  • Forecasted Upside: 43.29%
  • Number of Analysts: 4
  • Breakdown:
  • 1 Sell Ratings
  • 2 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$38.47
▲ +0.42 (1.10%)

This chart shows the closing price for FTS by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Fortis Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for FTS and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for FTS

Analyst Price Target is $55.13
▲ +43.29% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Fortis in the last 3 months. The average price target is $55.13, with a high forecast of $62.00 and a low forecast of $37.00. The average price target represents a 43.29% upside from the last price of $38.47.

This chart shows the closing price for FTS for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Hold

The current consensus among 4 investment analysts is to hold stock in Fortis. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
10/28/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
1/26/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
4/26/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
7/25/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
10/23/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
1/21/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
3/21/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
4/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
12/12/2023JPMorgan Chase & Co.DowngradeNeutral ➝ UnderweightLow
9/28/2023Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$61.00Low
9/21/2023Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$61.00Low
9/20/2023Bank of AmericaLower Target$38.00 ➝ $37.00Low
8/24/2023Credit Suisse GroupLower TargetNeutral ➝ Neutral$61.50 ➝ $60.50Low
8/3/2023Raymond JamesLower TargetOutperform ➝ Outperform$65.00 ➝ $62.00Low
3/24/2023Royal Bank of CanadaReiterated RatingSector Perform$65.00Low
2/13/2023National Bank FinancialBoost TargetC$55.00 ➝ C$56.00Low
1/27/2023National Bank FinancialBoost TargetC$51.00 ➝ C$55.00Low
1/23/2023ScotiabankBoost TargetC$57.00 ➝ C$58.00Low
1/10/2023CIBCBoost TargetC$55.00 ➝ C$57.00Low
12/14/2022Wells Fargo & CompanyUpgradeUnderweight ➝ Equal WeightN/A
11/7/2022Credit Suisse GroupBoost TargetC$56.50 ➝ C$57.00Low
10/31/2022TD SecuritiesLower TargetC$65.00 ➝ C$63.00Low
10/20/2022ScotiabankLower TargetC$63.00 ➝ C$57.00Low
10/19/2022Raymond JamesUpgradeMarket Perform ➝ Outperform$58.00Low
7/27/2022Edward JonesDowngradeBuy ➝ HoldLow
6/30/2022UBS GroupDowngradeNeutral ➝ Sell$56.00Low
6/1/2022Wells Fargo & CompanyDowngradeEqual Weight ➝ UnderweightLow
5/6/2022National Bank FinancialBoost TargetC$59.00 ➝ C$60.00Low
4/19/2022ScotiabankBoost TargetC$61.00 ➝ C$63.00Low
2/14/2022CIBCLower TargetC$61.00 ➝ C$60.00Medium
2/14/2022ScotiabankLower TargetC$61.00 ➝ C$60.00Medium
1/27/2022ScotiabankBoost TargetC$60.00 ➝ C$61.00Low
1/11/2022CIBCBoost TargetC$58.00 ➝ C$61.00Low
1/7/2022ScotiabankDowngradeOutperform ➝ Sector PerformHigh
1/5/2022UBS GroupDowngradeBuy ➝ Neutral$61.00Low
11/1/2021BMO Capital MarketsLower TargetMarket PerformC$58.00 ➝ C$57.00Low
11/1/2021TD SecuritiesBoost TargetBuyC$63.00 ➝ C$64.00Low
11/1/2021Royal Bank of CanadaBoost TargetSector PerformC$59.00 ➝ C$60.00Low
10/21/2021CIBCLower TargetNeutralC$59.00 ➝ C$58.00Low
10/19/2021Wolfe ResearchDowngradePeer Perform ➝ UnderperformMedium
10/8/2021JPMorgan Chase & Co.Reiterated RatingHold$59.00Low
8/18/2021Industrial Alliance SecuritiesDowngradeBuy ➝ HoldC$61.00Low
8/17/2021Wells Fargo & CompanyDowngradeOverweight ➝ Equal Weight$60.00 ➝ $61.00Low
7/30/2021BMO Capital MarketsLower TargetMarket PerformC$57.00 ➝ C$56.00Low
7/9/2021ScotiabankLower TargetOutperformC$61.00 ➝ C$60.00Low
7/7/2021Bank of AmericaDowngradeNeutral ➝ Underperform$51.00Low
6/1/2021BMO Capital MarketsDowngradeOutperform ➝ Market Perform$60.00 ➝ $57.00Medium
5/4/2021Raymond JamesReiterated RatingOutperform ➝ Market Perform$58.00N/A
4/28/2021Raymond JamesDowngradeOutperform ➝ Market Perform$58.00Low
2/16/2021Royal Bank of CanadaLower TargetSector Perform$60.00 ➝ $59.00Low
1/27/2021National Bank FinancialLower TargetSector PerformMedium
1/27/2021ScotiabankLower TargetOutperform$63.00 ➝ $61.00Medium
1/5/2021Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$60.00N/A
7/31/2020BMO Capital MarketsBoost TargetOutperform$56.00 ➝ $59.00Low
6/5/2020UBS GroupBoost TargetBuy$59.00 ➝ $62.00Medium
5/7/2020BMO Capital MarketsBoost TargetOutperform$55.00 ➝ $56.00Low
5/7/2020CIBCBoost TargetOutperform$57.00 ➝ $58.00Low
5/7/2020Wells Fargo & CompanyLower TargetOverweight$64.00 ➝ $60.00Low
4/27/2020Credit Suisse GroupBoost TargetNeutral$56.00 ➝ $58.00Medium
4/14/2020Bank of AmericaDowngradeNeutral ➝ UnderperformLow
3/31/2020TD SecuritiesUpgradeHold ➝ BuyMedium
3/30/2020BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$57.00 ➝ $55.00High
3/20/2020CIBCUpgradeNeutral ➝ Sector Outperform$55.00High
3/16/2020UBS GroupLower TargetBuy$64.00 ➝ $58.00Medium
3/13/2020Raymond JamesUpgradeMarket Perform ➝ OutperformHigh
2/14/2020National Bank FinancialReiterated RatingSector Perform OverweightLow
2/14/2020Wells Fargo & CompanyBoost TargetOverweight$59.00 ➝ $64.00Low
1/29/2020Raymond JamesReiterated RatingHold$55.00Low
1/29/2020CIBCDowngradeSector Outperform ➝ NeutralLow
12/5/2019Bank of AmericaDowngradeBuy ➝ NeutralLow
12/4/2019ScotiabankUpgradeSector Perform ➝ OutperformLow
12/4/2019Howard WeilUpgradeSector Perform ➝ Sector OutperformLow
12/3/2019BMO Capital MarketsInitiated CoverageMarket PerformLow
12/3/2019CIBCUpgradeNeutral ➝ OutperformLow
11/25/2019Raymond JamesReiterated RatingHold$55.00High
11/3/2019CIBCSet TargetHold$57.00Low
10/10/2019Wolfe ResearchInitiated CoverageMarket PerformLow
9/12/2019Bank of AmericaBoost TargetBuy$56.00 ➝ $58.00Low
9/12/2019Raymond JamesReiterated RatingHold$55.00Low
9/11/2019CIBCReiterated RatingHold$56.00Low
9/11/2019BMO Capital MarketsDowngradeOutperform ➝ Market Perform$55.00Low
9/6/2019UBS GroupSet TargetBuy$59.00 ➝ $62.00High
9/4/2019Wells Fargo & CompanyBoost TargetOutperform$59.00 ➝ $61.00Low
8/22/2019CIBCDowngradeSector Outperform ➝ NeutralLow
8/21/2019Royal Bank of CanadaReiterated RatingBuyLow
7/23/2019CIBCReiterated RatingBuy ➝ Average$55.00Low
6/7/2019UBS GroupReiterated RatingBuyLow
5/3/2019Veritas Investment ResearchDowngradeBuy ➝ SellLow
5/2/2019Bank of AmericaSet TargetBuy$54.00Low
4/23/2019Raymond JamesDowngradeOutperform ➝ Market PerformLow
(Data available from 4/20/2019 forward)

News Sentiment Rating

0.69 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 11 very positive mentions
  • 18 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
9/23/2023
  • 7 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/23/2023
  • 2 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
11/22/2023
  • 5 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/22/2023
  • 6 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/21/2024
  • 18 very positive mentions
  • 19 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/20/2024
  • 12 very positive mentions
  • 8 positive mentions
  • 2 negative mentions
  • 2 very negative mentions
3/21/2024
  • 10 very positive mentions
  • 17 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
4/20/2024

Current Sentiment

  • 10 very positive mentions
  • 17 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Fortis logo
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 More

Today's Range

Now: $38.47
Low: $38.09
High: $38.55

50 Day Range

MA: $39.08
Low: $37.14
High: $40.27

52 Week Range

Now: $38.47
Low: $36.30
High: $46.28

Volume

786,518 shs

Average Volume

614,650 shs

Market Capitalization

$18.97 billion

P/E Ratio

16.73

Dividend Yield

3.39%

Beta

0.42

Frequently Asked Questions

What sell-side analysts currently cover shares of Fortis?

The following sell-side analysts have issued reports on Fortis in the last year: Bank of America Co., Credit Suisse Group AG, JPMorgan Chase & Co., Raymond James, Royal Bank of Canada, and StockNews.com.
View the latest analyst ratings for FTS.

What is the current price target for Fortis?

4 Wall Street analysts have set twelve-month price targets for Fortis in the last year. Their average twelve-month price target is $55.13, suggesting a possible upside of 43.3%. Raymond James has the highest price target set, predicting FTS will reach $62.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $37.00 for Fortis in the next year.
View the latest price targets for FTS.

What is the current consensus analyst rating for Fortis?

Fortis currently has 1 sell rating, 2 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in FTS, but not buy more shares or sell existing shares.
View the latest ratings for FTS.

What other companies compete with Fortis?

How do I contact Fortis' investor relations team?

Fortis' physical mailing address is 5 SPRINGDALE STREET FORTIS PLACE SUITE 1100, ST. JOHN`S A4, A1E 0E4. The utilities provider's listed phone number is (709) 737-2800 and its investor relations email address is [email protected]. The official website for Fortis is www.fortisinc.com. Learn More about contacing Fortis investor relations.