Here’s how analysts see Fortis Inc. (TSE:FTS) after this past week.

March 14, 2018 - By Hazel Jackson

 Here's how analysts see Fortis Inc. (TSE:FTS) after this past week.

Fortis Inc. (TSE:FTS) Ratings Coverage

Among 7 analysts covering Fortis Incorporated (TSE:FTS), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Fortis Incorporated had 29 analyst reports since August 4, 2015 according to SRatingsIntel. On Friday, March 3 the stock rating was maintained by TD Securities with “Buy”. The stock of Fortis Inc. (TSE:FTS) has “Outperform” rating given on Friday, February 17 by IBC. The rating was maintained by Scotia Capital with “Outperform” on Friday, February 17. The company was downgraded on Tuesday, January 17 by Raymond James. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Neutral” rating on Monday, February 27 by JP Morgan. Desjardins Securities maintained Fortis Inc. (TSE:FTS) rating on Thursday, November 24. Desjardins Securities has “Buy” rating and $46 target. The firm has “Outperform” rating given on Tuesday, January 24 by RBC Capital Markets. The rating was maintained by Raymond James on Thursday, September 22 with “Outperform”. On Wednesday, July 20 the stock rating was downgraded by IBC to “Sector Perform”. Below is a list of Fortis Inc. (TSE:FTS) latest ratings and price target changes.

20/10/2017 Broker: JP Morgan Rating: Old Target: $47.00 New Target: $48.00 Target Up
17/10/2017 Broker: IBC Rating: Old Target: $48.00 New Target: $49.00 Target Up
15/09/2017 Broker: BMO Capital Markets Rating: Old Target: $51.50 New Target: $51.00 Targert Up

The stock decreased 0.67% or $0.29 during the last trading session, reaching $42.8. About 500,666 shares traded. Fortis Inc. (TSE:FTS) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Fortis Inc. operates as an electric and gas utility firm in Canada, the United States, and the Caribbean. The company has market cap of $18.02 billion. It generates, transmits, and distributes electricity to approximately 420,000 retail clients in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail clients in ArizonaÂ’s Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts comprising 54 MW of solar capacity. It has a 18.53 P/E ratio. The firm also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 64 MW; and distributes natural gas to approximately 994,000 clients in approximately 135 communities in British Columbia, Canada.

More notable recent Fortis Inc. (TSE:FTS) news were published by: which released: “Fortis Inc. Reports 2017 Fourth-Quarter and Annual Financial Results” on February 15, 2018, also with their article: “Fortis Inc. Down 8% Year to Date: Time to Buy?” published on February 26, 2018, published: “Telus Corporation and Fortis Inc. Could Be a Bargain in March” on March 12, 2018. More interesting news about Fortis Inc. (TSE:FTS) were released by: and their article: “Fortis Inc. Buy Now and Get Rich Later” published on March 10, 2018 as well as‘s news article titled: “Fortis Inc. Announces Executive Appointment” with publication date: February 26, 2018.

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