• Consensus Rating: Hold
  • Consensus Price Target: $59.27
  • Forecasted Upside: 27.55 %
  • Number of Analysts: 11
  • Breakdown:
  • 4 Sell Ratings
  • 6 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$46.47
▼ -1.65 (-3.43%)

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

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Analyst Price Target for FTS

Analyst Price Target is $59.27
▲ +27.55% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for Fortis in the last 3 months. The average price target is $59.27, with a high forecast of $0.00 and a low forecast of $0.00. The average price target represents a 27.55% upside from the last price of $46.47.

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 11 polled 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
  • 6 hold ratings
  • 3 sell ratings
1/11/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 3 sell ratings
4/11/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 1 sell ratings
7/10/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 7 hold ratings
  • 2 sell ratings
10/8/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 8 hold ratings
  • 4 sell ratings
1/6/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 7 hold ratings
  • 4 sell ratings
4/6/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 4 sell ratings
6/5/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 4 sell ratings
7/5/2022

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
6/30/2022UBS GroupDowngradeNeutral ➝ Sell$56.00Low
6/1/2022Wells Fargo & CompanyDowngradeEqual Weight ➝ UnderweightLow
5/6/2022National Bank FinancialBoost Price TargetC$59.00 ➝ C$60.00Low
4/19/2022ScotiabankBoost Price TargetC$61.00 ➝ C$63.00Low
2/14/2022CIBCLower Price TargetC$61.00 ➝ C$60.00Medium
2/14/2022ScotiabankLower Price TargetC$61.00 ➝ C$60.00Medium
1/27/2022ScotiabankBoost Price TargetC$60.00 ➝ C$61.00Low
1/11/2022CIBCBoost Price TargetC$58.00 ➝ C$61.00Low
1/7/2022ScotiabankDowngradeOutperform ➝ Sector PerformHigh
1/5/2022UBS GroupDowngradeBuy ➝ Neutral$61.00Low
11/1/2021BMO Capital MarketsLower Price TargetMarket PerformC$58.00 ➝ C$57.00Low
11/1/2021TD SecuritiesBoost Price TargetBuyC$63.00 ➝ C$64.00Low
11/1/2021Royal Bank of CanadaBoost Price TargetSector PerformC$59.00 ➝ C$60.00Low
10/21/2021CIBCLower Price 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 Price TargetMarket PerformC$57.00 ➝ C$56.00Low
7/9/2021ScotiabankLower Price 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 Price TargetSector Perform$60.00 ➝ $59.00Low
1/27/2021National Bank FinancialLower Price TargetSector PerformMedium
1/27/2021ScotiabankLower Price TargetOutperform$63.00 ➝ $61.00Medium
1/5/2021Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$60.00N/A
7/31/2020BMO Capital MarketsBoost Price TargetOutperform$56.00 ➝ $59.00Low
6/5/2020UBS GroupBoost Price TargetBuy$59.00 ➝ $62.00Medium
5/7/2020BMO Capital MarketsBoost Price TargetOutperform$55.00 ➝ $56.00Low
5/7/2020CIBCBoost Price TargetOutperform$57.00 ➝ $58.00Low
5/7/2020Wells Fargo & CompanyLower Price TargetOverweight$64.00 ➝ $60.00Low
4/27/2020Credit Suisse GroupBoost Price 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 Price TargetBuy$64.00 ➝ $58.00Medium
3/13/2020Raymond JamesUpgradeMarket Perform ➝ OutperformHigh
2/14/2020National Bank FinancialReiterated RatingSector Perform OverweightLow
2/14/2020Wells Fargo & CompanyBoost Price 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 Price TargetHold$57.00Low
10/10/2019Wolfe ResearchInitiated CoverageMarket PerformLow
9/12/2019Bank of AmericaBoost Price 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 Price TargetBuy$59.00 ➝ $62.00High
9/4/2019Wells Fargo & CompanyBoost Price 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 Price TargetBuy$54.00Low
4/23/2019Raymond JamesDowngradeOutperform ➝ Market PerformLow
4/16/2019BMO Capital MarketsReiterated RatingBuy$50.00Low
2/19/2019Royal Bank of CanadaReiterated RatingAverage$53.00Low
2/2/2019UBS GroupReiterated RatingBuyLow
1/29/2019National Bank FinancialReiterated RatingHoldMedium
1/29/2019TD SecuritiesDowngradeBuy ➝ HoldLow
10/9/2018Bank of AmericaInitiated CoverageBuy ➝ BuyMedium
5/1/2018UBS GroupInitiated CoverageBuy ➝ BuyMedium
5/1/2018ScotiabankDowngradeOutperform ➝ Sector PerformMedium
2/16/2018National Bank FinancialUpgradeUnderperform ➝ Sector PerformHigh
2/15/2018CIBCUpgradeNeutral ➝ Sector OutperformHigh
2/9/2018Raymond JamesUpgradeMarket Perform ➝ OutperformMedium
2/9/2018UBS GroupUpgradeMarket Perform ➝ OutperformHigh
1/29/2018National Bank FinancialDowngradeSector Perform ➝ UnderperformLow
12/4/2017ScotiabankReiterated RatingBuy$51.00Low
8/3/2017CIBCDowngradeOutperform ➝ NeutralMedium
(Data available from 7/5/2017 forward)

News Sentiment Rating

-0.26 (Hold)

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
  • 1 very positive mentions
  • 8 positive mentions
  • 5 negative mentions
  • 3 very negative mentions
12/7/2021
  • 3 very positive mentions
  • 5 positive mentions
  • 12 negative mentions
  • 1 very negative mentions
1/6/2022
  • 0 very positive mentions
  • 6 positive mentions
  • 11 negative mentions
  • 0 very negative mentions
2/5/2022
  • 5 very positive mentions
  • 9 positive mentions
  • 12 negative mentions
  • 0 very negative mentions
3/7/2022
  • 4 very positive mentions
  • 7 positive mentions
  • 14 negative mentions
  • 2 very negative mentions
4/6/2022
  • 3 very positive mentions
  • 11 positive mentions
  • 10 negative mentions
  • 1 very negative mentions
5/6/2022
  • 4 very positive mentions
  • 6 positive mentions
  • 9 negative mentions
  • 1 very negative mentions
6/5/2022
  • 2 very positive mentions
  • 13 positive mentions
  • 17 negative mentions
  • 3 very negative mentions
7/5/2022

Current Sentiment

  • 2 very positive mentions
  • 13 positive mentions
  • 17 negative mentions
  • 3 very negative mentions

Recent Stories by Sentiment

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 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.
Read More

Today's Range

Now: $46.47
Low: $45.61
High: $46.99

50 Day Range

MA: $48.37
Low: $44.50
High: $50.78

52 Week Range

Now: $46.47
Low: $43.12
High: $51.66

Volume

62,593 shs

Average Volume

694,373 shs

Market Capitalization

$22.17 billion

P/E Ratio

23.36

Dividend Yield

3.47%

Beta

0.35

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, Industrial Alliance Securities, JPMorgan Chase & Co., National Bank Financial, Royal Bank of Canada, Scotiabank, StockNews.com, TD Securities, UBS Group AG, Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for FTS.

What is the current price target for Fortis?

0 Wall Street analysts have set twelve-month price targets for Fortis in the last year. Their average twelve-month price target is $59.27, suggesting a possible upside of 27.6%.
View the latest price targets for FTS.

What is the current consensus analyst rating for Fortis?

Fortis currently has 4 sell ratings, 6 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.

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.