Fortis (TSE:FTS – Get Free Report) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Friday, Marketbeat.com reports. They currently have a C$61.00 target price on the stock. Barclays‘s price objective would suggest a potential downside of 28.16% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Desjardins increased their price target on Fortis from C$85.00 to C$90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. National Bank Financial upped their price objective on shares of Fortis from C$83.00 to C$84.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 4th. BMO Capital Markets raised their target price on Fortis from C$81.00 to C$85.00 and gave the company a “market perform” rating in a research report on Wednesday, November 4th. TD lifted their price target on Fortis from C$87.00 to C$90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Finally, Raymond James Financial cut Fortis from a “moderate buy” rating to a “hold” rating and boosted their price target for the stock from C$85.50 to C$86.50 in a research report on Wednesday, November 4th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$80.45.
Get Our Latest Stock Analysis on Fortis
Fortis Stock Performance
TSE FTS opened at C$84.91 on Friday. Fortis has a 12-month low of C$69.06 and a 12-month high of C$86.35. The company has a fifty day simple moving average of C$77.61 and a two-hundred day simple moving average of C$77.89. The company has a current ratio of 0.69, a quick ratio of 0.36 and a debt-to-equity ratio of 146.51. The stock has a market cap of C$43.80 billion, a P/E ratio of 24.12, a P/E/G ratio of 3.01 and a beta of 0.49.
Fortis (TSE:FTS – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported C$0.92 earnings per share for the quarter. The firm had revenue of C$3.12 billion for the quarter. Fortis had a net margin of 15.04% and a return on equity of 7.57%. On average, analysts forecast that Fortis will post 3.34 earnings per share for the current year.
Insider Buying and Selling at Fortis
In related news, insider James Reid sold 25,000 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of C$85.83, for a total value of C$2,145,750.00. Following the sale, the insider owned 31,419 shares in the company, valued at approximately C$2,696,692.77. The trade was a 44.31% decrease in their position. Insiders own 0.04% of the company’s stock.
About Fortis
Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.
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