NYSE:FTS - Fortis Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $58.86
  • Forecasted Upside: 43.76 %
  • Number of Analysts: 9
  • Breakdown:
  • 1 Sell Ratings
  • 2 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$40.94
▼ -0.34 (-0.82%)
1 month | 3 months | 12 months
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Analyst Price Target for FTS

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$58.86
▲ +43.76% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Fortis in the last 3 months. The average price target is $58.86, with a high forecast of $62.00 and a low forecast of $55.00. The average price target represents a 43.76% upside from the last price of $40.94.
Buy
The current consensus among 9 polled investment analysts is to buy stock in Fortis. This rating has held steady since April 2020, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 2 sell ratings
8/2/2019
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 2 sell ratings
10/31/2019
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 2 sell ratings
1/29/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 2 sell ratings
4/28/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 1 sell ratings
7/27/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 1 sell ratings
10/25/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 1 sell ratings
12/24/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 1 sell ratings
1/23/2021

Latest Recommendations

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

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/5/2021Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$60.00N/A
i
7/31/2020BMO Capital MarketsBoost Price TargetOutperform$56.00 ➝ $59.00Low
i
6/5/2020UBS GroupBoost Price TargetBuy$59.00 ➝ $62.00Medium
i
5/7/2020BMO Capital MarketsBoost Price TargetOutperform$55.00 ➝ $56.00Low
i
5/7/2020CIBCBoost Price TargetOutperform$57.00 ➝ $58.00Low
i
Rating by Mark Jarvi at CIBC
5/7/2020Wells Fargo & CompanyLower Price TargetOverweight$64.00 ➝ $60.00Low
i
4/27/2020Credit Suisse GroupBoost Price TargetNeutral$56.00 ➝ $58.00Medium
i
4/14/2020Bank of AmericaDowngradeNeutral ➝ UnderperformLow
i
Rating by Nicholas Campanella at Bank of America Co.
3/31/2020TD SecuritiesUpgradeHold ➝ BuyMedium
i
3/30/2020BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$57.00 ➝ $55.00High
i
3/20/2020CIBCUpgradeNeutral ➝ Sector Outperform$55.00High
i
Rating by Mark Jarvi at CIBC
3/16/2020UBS GroupLower Price TargetBuy$64.00 ➝ $58.00Medium
i
3/13/2020Raymond JamesUpgradeMarket Perform ➝ OutperformHigh
i
2/14/2020National Bank FinancialReiterated RatingSector Perform OverweightLow
i
Rating by P. Kenny at National Bank Financial
2/14/2020Wells Fargo & CompanyBoost Price TargetOverweight$59.00 ➝ $64.00Low
i
1/29/2020Raymond JamesReiterated RatingHold$55.00Low
i
1/29/2020CIBCDowngradeSector Outperform ➝ NeutralLow
i
Rating by Mark Jarvi at CIBC
12/5/2019Bank of AmericaDowngradeBuy ➝ NeutralLow
i
Rating by Nicholas Campanella at Bank of America Co.
12/4/2019ScotiabankUpgradeSector Perform ➝ OutperformLow
i
12/4/2019Howard WeilUpgradeSector Perform ➝ Sector OutperformLow
i
12/3/2019BMO Capital MarketsInitiated CoverageMarket PerformLow
i
12/3/2019CIBCUpgradeNeutral ➝ OutperformLow
i
Rating by Mark Jarvi at CIBC
11/25/2019Raymond JamesReiterated RatingHold$55.00High
i
11/3/2019CIBCSet Price TargetHold$57.00Low
i
Rating by Mark Jarvi at CIBC
10/10/2019Wolfe ResearchInitiated CoverageMarket PerformLow
i
9/12/2019Bank of AmericaBoost Price TargetBuy$56.00 ➝ $58.00Low
i
Rating by Nicholas Campanella at Bank of America Co.
9/12/2019Raymond JamesReiterated RatingHold$55.00Low
i
9/11/2019CIBCReiterated RatingHold$56.00Low
i
9/11/2019BMO Capital MarketsDowngradeOutperform ➝ Market Perform$55.00Low
i
9/6/2019UBS GroupSet Price TargetBuy$59.00 ➝ $62.00High
i
Rating by Ross Fowler at UBS Group AG
9/4/2019Wells Fargo & CompanyBoost Price TargetOutperform$59.00 ➝ $61.00Low
i
8/22/2019CIBCDowngradeSector Outperform ➝ NeutralLow
i
8/21/2019Royal Bank of CanadaReiterated RatingBuyLow
i
Rating by Robert Kwan at Royal Bank of Canada
7/23/2019CIBCReiterated RatingBuy ➝ Average$55.00Low
i
6/7/2019UBS GroupReiterated RatingBuyLow
i
Rating by Ross Fowler at UBS Group AG
5/3/2019Veritas Investment ResearchDowngradeBuy ➝ SellLow
i
5/2/2019Bank of AmericaSet Price TargetBuy$54.00Low
i
Rating by Nicholas Campanella at Bank of America Co.
4/23/2019Raymond JamesDowngradeOutperform ➝ Market PerformLow
i
4/16/2019BMO Capital MarketsReiterated RatingBuy$50.00Low
i
2/19/2019Royal Bank of CanadaReiterated RatingAverage$53.00Low
i
2/2/2019UBS GroupReiterated RatingBuyLow
i
Rating by Ross Fowler at UBS Group AG
1/29/2019National Bank FinancialReiterated RatingHoldMedium
i
Rating by Patrick Kenny at National Bank Financial
1/29/2019TD SecuritiesDowngradeBuy ➝ HoldLow
i
10/9/2018Bank of AmericaInitiated CoverageBuy ➝ BuyMedium
i
5/1/2018UBS GroupInitiated CoverageBuy ➝ BuyMedium
i
5/1/2018ScotiabankDowngradeOutperform ➝ Sector PerformMedium
i
2/16/2018National Bank FinancialUpgradeUnderperform ➝ Sector PerformHigh
i
Rating by P. Kenny at National Bank Financial
2/15/2018CIBCUpgradeNeutral ➝ Sector OutperformHigh
i
2/9/2018Raymond JamesUpgradeMarket Perform ➝ OutperformMedium
i
2/9/2018UBS GroupUpgradeMarket Perform ➝ OutperformHigh
i
1/29/2018National Bank FinancialDowngradeSector Perform ➝ UnderperformLow
i
Rating by P. Kenny at National Bank Financial
12/4/2017ScotiabankReiterated RatingBuy$51.00Low
i
8/3/2017CIBCDowngradeOutperform ➝ NeutralMedium
i
3/28/2017BarclaysReiterated RatingOverweight$37.00Low
i
2/27/2017JPMorgan Chase & Co.Initiated CoverageNeutral ➝ NeutralN/A
i
2/16/2017CIBCUpgradeNeutral ➝ OutperformN/A
i
1/17/2017Raymond JamesDowngradeOutperform ➝ Mkt PerformN/A
i
11/25/2016DesjardinsInitiated CoverageBuyN/A
i
Rating by M. Jarvi at Desjardins
11/7/2016National Bank FinancialReiterated RatingSector Perform Market WeightN/A
i
Rating by P. Kenny at National Bank Financial
(Data available from 1/24/2016 forward)
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 429,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,143 megawatts (MW), including 59 MW of solar 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 1,041,000 residential, commercial and industrial and transportation customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 568,000 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 140 MW. Additionally, it provides integrated electric utility service to approximately 66,000 customers in Ontario; approximately 269,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 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 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
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Today's Range

Now: $40.94
$40.84
$41.20

50 Day Range

MA: $40.89
$39.89
$41.96

52 Week Range

Now: $40.94
$28.59
$44.72

Volume

187,321 shs

Average Volume

406,287 shs

Market Capitalization

$19.11 billion

P/E Ratio

20.78

Dividend Yield

3.75%

Beta

0.22

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., BMO Capital Markets, CIBC, Credit Suisse Group AG, National Bank Financial, Raymond James, Royal Bank of Canada, TD Securities, UBS Group AG, Wells Fargo & Company, and Zacks Investment Research.

What is the current price target for Fortis?

7 Wall Street analysts have set twelve-month price targets for Fortis in the last year. Their average twelve-month price target is $58.86, suggesting a possible upside of 43.8%. UBS Group AG has the highest price target set, predicting FTS will reach $62.00 in the next twelve months. Raymond James has the lowest price target set, forecasting a price of $55.00 for Fortis in the next year.

What is the current consensus analyst rating for Fortis?

Fortis currently has 1 sell rating, 2 hold ratings and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe FTS will outperform the market and that investors should add to their positions of Fortis.

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.