Fortis (FTS) Raised to Outperform at Raymond James Financial

Fortis (TSE:FTS) was upgraded by research analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a report issued on Friday, February 9th.

FTS has been the subject of a number of other reports. National Bank Financial cut shares of Fortis from a “sector perform market weight” rating to an “underperform market weight” rating in a research report on Sunday, January 28th. CIBC upped their price target on shares of Fortis from C$49.00 to C$50.00 in a research report on Thursday, January 11th. Royal Bank of Canada upped their price target on shares of Fortis from C$51.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. JPMorgan Chase & Co. upped their price target on shares of Fortis from C$47.00 to C$48.00 in a research report on Thursday, October 19th. Finally, Scotiabank upped their price target on shares of Fortis from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$46.89.

Shares of Fortis (FTS) traded up C$1.52 during midday trading on Friday, hitting C$42.08. 2,534,100 shares of the stock traded hands, compared to its average volume of 1,260,000. Fortis has a one year low of C$39.38 and a one year high of C$48.73. The stock has a market cap of $17,720.00, a PE ratio of 18.14 and a beta of -0.06.

COPYRIGHT VIOLATION WARNING: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/02/17/fortis-fts-upgraded-to-outperform-at-raymond-james-financial.html.

Fortis Company Profile

Fortis Inc is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Energy Inc (FortisBC Energy), FortisBC Inc (FortisBC Electric) and Newfoundland Power Inc (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited.

Analyst Recommendations for Fortis (TSE:FTS)

Receive News & Ratings for Fortis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortis and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply