Analysts Set Fortis (NYSE:FTS) Price Target at $61.00

Posted by on May 21st, 2026

Shares of Fortis (NYSE:FTS – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $61.00.

Several research analysts have weighed in on FTS shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Fortis in a research report on Monday, April 20th. BMO Capital Markets restated a “market perform” rating on shares of Fortis in a research note on Thursday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Fortis in a report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fortis in a research report on Tuesday, April 21st. Finally, Barclays cut their price target on Fortis from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, May 8th.

Get Our Latest Stock Report on FTS

Fortis Price Performance

Shares of NYSE:FTS opened at $55.90 on Friday. Fortis has a fifty-two week low of $46.46 and a fifty-two week high of $58.78. The firm has a market cap of $28.46 billion, a price-to-earnings ratio of 22.72 and a beta of 0.45. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.41 and a current ratio of 0.49. The business has a 50-day simple moving average of $56.51 and a two-hundred day simple moving average of $54.22.

Fortis (NYSE:FTS – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fortis had a net margin of 14.21% and a return on equity of 7.25%. During the same quarter in the prior year, the business earned $1.00 EPS. On average, analysts expect that Fortis will post 2.64 earnings per share for the current year.

Institutional Investors Weigh In On Fortis

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new position in Fortis in the 1st quarter worth $29,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Fortis in the fourth quarter valued at about $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Fortis by 157.4% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 700 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 428 shares during the period. Larson Financial Group LLC grew its position in shares of Fortis by 123.9% during the third quarter. Larson Financial Group LLC now owns 739 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 409 shares in the last quarter. Finally, LOM Asset Management Ltd bought a new stake in Fortis during the 4th quarter valued at approximately $43,000. Institutional investors own 57.77% of the company’s stock.

About Fortis

(Get Free Report)

Fortis Inc is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience.

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Analyst Recommendations for Fortis (NYSE:FTS)

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