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Fortis - FTS Stock Price Target and Predictions

  • Consensus Rating: Reduce
  • Consensus Price Target: C$60.33
  • Forecasted Upside: 0.54%
  • Number of Analysts: 9
  • Breakdown:
  • 3 Sell Ratings
  • 6 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
C$60.01 As of 12/20/2024 06:17 PM ET
▲ +0.71 (1.20%)

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 C$60.33
▲ +0.54% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Fortis in the last 3 months. The average price target is C$60.33, with a high forecast of C$65.00 and a low forecast of C$53.00. The average price target represents a 0.54% upside from the last price of C$60.01.

This chart shows the closing price for FTS for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Reduce

The current consensus among 9 contributing investment analysts is to reduce stock in Fortis. This rating has held steady since August 2024, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 3 sell ratings
Ratings as of
9/21/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 3 sell ratings
Ratings as of
11/20/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 3 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 3 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/6/2024Raymond JamesDowngradeOutperform ➝ Market Perform
10/3/2024Royal Bank of CanadaBoost TargetSector PerformC$62.00 ➝ C$65.00
9/20/2024Bank of AmericaSet TargetUnderperformC$60.00
9/10/2024UBS GroupUpgradeStrong Sell
9/5/2024BMO Capital MarketsBoost TargetC$59.00 ➝ C$61.00
8/23/2024National BanksharesBoost TargetSector PerformC$56.00 ➝ C$62.00
8/20/2024ScotiabankBoost TargetSector PerformC$56.00 ➝ C$63.00
8/1/2024National BanksharesBoost TargetSector PerformC$55.00 ➝ C$56.00
8/1/2024Royal Bank of CanadaBoost TargetSector PerformC$61.00 ➝ C$62.00
8/1/2024CIBCBoost TargetNeutralC$57.00 ➝ C$59.00
8/1/2024Raymond JamesBoost TargetOutperformC$59.00 ➝ C$61.00
8/1/2024BMO Capital MarketsBoost TargetC$58.50 ➝ C$59.00
7/25/2024JPMorgan Chase & Co.Boost TargetC$52.00 ➝ C$53.00
5/8/2024Wells Fargo & CompanyBoost TargetC$56.00 ➝ C$59.00
5/2/2024BMO Capital MarketsBoost TargetMarket PerformC$58.00 ➝ C$58.50
5/2/2024CIBCBoost TargetNeutralC$56.00 ➝ C$57.00
4/25/2024Raymond JamesLower TargetC$62.00 ➝ C$59.00
4/22/2024ScotiabankLower TargetSector PerformC$60.00 ➝ C$56.00
4/19/2024CIBCLower TargetNeutralC$59.00 ➝ C$56.00
2/12/2024BMO Capital MarketsLower TargetMarket PerformC$58.50 ➝ C$58.00
1/30/2024National BanksharesBoost TargetSector PerformC$52.00 ➝ C$55.00
1/24/2024CIBCBoost TargetNeutralC$58.00 ➝ C$59.00
1/24/2024ScotiabankBoost TargetSector PerformC$57.00 ➝ C$60.00
1/22/2024JPMorgan Chase & Co.Lower TargetUnderweightC$53.00 ➝ C$50.00
1/16/2024Bank of AmericaBoost TargetC$49.00 ➝ C$50.00
12/12/2023JPMorgan Chase & Co.Lower TargetUnderweightC$54.00 ➝ C$53.00
10/30/2023TD SecuritiesLower TargetBuyC$63.00 ➝ C$61.00
10/19/2023CIBCLower TargetNeutralC$59.00 ➝ C$58.00
10/19/2023National BanksharesLower TargetSector PerformC$57.00 ➝ C$52.00
10/16/2023ScotiabankLower TargetSector PerformC$58.00 ➝ C$57.00
9/18/2023ScotiabankLower TargetOutperformC$60.00 ➝ C$58.00
9/11/2023Royal Bank of CanadaLower TargetSector PerformC$65.00 ➝ C$61.00
9/8/2023BMO Capital MarketsLower TargetMarket PerformC$59.00 ➝ C$58.50
8/24/2023CSFBBoost TargetNeutralC$60.50 ➝ C$61.50
8/24/2023Credit Suisse GroupLower TargetC$61.50 ➝ C$60.50
8/3/2023Raymond JamesLower TargetC$65.00 ➝ C$62.00
8/3/2023BMO Capital MarketsLower TargetC$60.00 ➝ C$59.00
8/3/2023TD SecuritiesLower TargetBuyC$65.00 ➝ C$63.00
7/24/2023CSFBLower TargetNeutralC$62.00 ➝ C$61.50
7/21/2023CIBCLower TargetNeutralC$61.00 ➝ C$59.00
5/19/2023UBS GroupLower TargetC$54.00 ➝ C$53.00
5/5/2023National BanksharesBoost TargetSector PerformC$56.00 ➝ C$57.00
5/4/2023TD SecuritiesBoost TargetBuyC$63.00 ➝ C$66.00
5/4/2023CIBCBoost TargetC$59.00 ➝ C$61.00
5/4/2023Raymond JamesBoost TargetC$58.00 ➝ C$65.00
5/4/2023ScotiabankBoost TargetC$58.00 ➝ C$60.00
5/4/2023Susquehanna BancsharesBoost TargetC$56.00 ➝ C$57.00
4/21/2023CIBCBoost TargetC$57.00 ➝ C$59.00
3/24/2023Bank of AmericaBoost TargetC$51.00 ➝ C$52.00
3/15/2023CSFBBoost TargetC$61.00 ➝ C$62.00
3/6/2023UBS GroupLower TargetC$53.00 ➝ C$51.00
2/13/2023National BanksharesBoost TargetSector PerformC$55.00 ➝ C$56.00
1/27/2023National BanksharesBoost TargetSector PerformC$51.00 ➝ C$55.00
1/26/2023CSFBBoost TargetC$57.00 ➝ C$61.00
1/23/2023ScotiabankBoost TargetC$57.00 ➝ C$58.00
1/10/2023CIBCBoost TargetC$55.00 ➝ C$57.00
12/14/2022Wells Fargo & CompanyUpgradeEqual WeightC$59.00
11/18/2022UBS GroupLower TargetC$53.00 ➝ C$49.00
11/2/2022UBS GroupBoost TargetC$51.00 ➝ C$52.00
10/31/2022TD SecuritiesLower TargetBuyC$65.00 ➝ C$63.00
10/31/2022CIBCBoost TargetNeutralC$54.00 ➝ C$55.00
10/25/2022National BanksharesLower TargetC$60.00 ➝ C$51.00
10/25/2022CSFBLower TargetC$62.00 ➝ C$56.50
10/25/2022Credit Suisse GroupLower TargetC$56.50
10/20/2022JPMorgan Chase & Co.Lower TargetC$64.00 ➝ C$54.00
10/20/2022ScotiabankLower TargetC$63.00 ➝ C$57.00
10/19/2022Raymond JamesUpgradeMarket Perform ➝ BuyC$58.00
10/18/2022CIBCLower TargetC$63.00 ➝ C$54.00
9/20/2022BMO Capital MarketsLower TargetC$62.00 ➝ C$60.00
8/23/2022JPMorgan Chase & Co.Boost TargetC$60.00 ➝ C$64.00
7/22/2022Credit Suisse GroupLower TargetNeutralC$62.00
7/22/2022CSFBLower TargetC$66.00 ➝ C$62.00
7/14/2022JPMorgan Chase & Co.Lower TargetC$62.00 ➝ C$60.00
6/30/2022UBS GroupDowngradeNeutral ➝ SellC$61.00 ➝ C$56.00
6/1/2022Wells Fargo & CompanyDowngradeSell
5/9/2022Veritas Investment ResearchUpgradeReduce ➝ Buy
5/5/2022Raymond JamesSet TargetMarket PerformC$58.00
5/5/2022Royal Bank of CanadaBoost TargetSector PerformC$60.00 ➝ C$65.00
5/5/2022National BanksharesBoost TargetSector PerformC$59.00 ➝ C$60.00
4/21/2022CIBCBoost TargetC$60.00 ➝ C$63.00
4/19/2022ScotiabankBoost TargetC$61.00 ➝ C$63.00
4/13/2022Credit Suisse GroupBoost TargetNeutralC$66.00
4/13/2022CSFBBoost TargetC$63.00 ➝ C$66.00
4/12/2022JPMorgan Chase & Co.Boost TargetC$59.00 ➝ C$63.00
3/15/2022BMO Capital MarketsReiterated RatingHoldC$57.00 ➝ C$60.00
2/14/2022Veritas Investment ResearchDowngradeSellC$57.50
2/14/2022Raymond JamesReiterated RatingMarket PerformC$58.00
2/14/2022CIBCLower TargetNeutralC$61.00 ➝ C$60.00
1/31/2022UBS GroupLower TargetNeutralC$61.00 ➝ C$58.00
1/27/2022Credit Suisse GroupBoost TargetNeutralC$63.00
1/27/2022ScotiabankBoost TargetC$60.00 ➝ C$61.00
1/27/2022CSFBBoost TargetC$60.00 ➝ C$63.00
1/11/2022CIBCBoost TargetC$58.00 ➝ C$61.00
1/7/2022ScotiabankDowngradeOutperform ➝ HoldC$60.00
1/6/2022TD SecuritiesDowngradeAction List Buy ➝ BuyC$64.00 ➝ C$65.00
1/5/2022UBS GroupDowngradeBuy ➝ NeutralC$61.00
12/3/2021Veritas Investment ResearchLower TargetNAC$58.00
12/3/2021JPMorgan Chase & Co.Lower TargetC$59.00 ➝ C$58.00
11/18/2021CSFBBoost TargetC$58.00 ➝ C$60.00
11/1/2021Raymond JamesReiterated RatingMarket PerformC$58.00
11/1/2021TD SecuritiesBoost TargetAction List BuyC$63.00 ➝ C$64.00
11/1/2021Royal Bank of CanadaBoost TargetSector PerformC$59.00 ➝ C$60.00
10/29/2021CIBCReiterated RatingHoldC$57.00
10/21/2021CIBCLower TargetC$59.00 ➝ C$58.00
10/19/2021Wolfe ResearchDowngradeSell
10/8/2021JPMorgan Chase & Co.Reiterated RatingHoldC$60.00 ➝ C$59.00
10/7/2021JPMorgan Chase & Co.Boost TargetNAC$59.00 ➝ C$60.00
9/21/2021BMO Capital MarketsReiterated RatingMarket Perform
9/20/2021BMO Capital MarketsBoost TargetNAC$56.00 ➝ C$58.00
8/19/2021CIBCDowngradeOutperform ➝ Neutral
8/3/2021JPMorgan Chase & Co.Boost TargetNAC$58.00 ➝ C$60.00
7/30/2021National Bank FinancialLower TargetSector Perform ➝ Sector PerformC$60.00 ➝ C$59.00
7/30/2021Raymond JamesReiterated RatingMarket PerformC$58.00
7/30/2021National BanksharesLower TargetSector PerformC$60.00 ➝ C$59.00
7/30/2021CIBCBoost TargetC$58.00 ➝ C$59.00
7/29/2021CIBCReiterated RatingOutperformC$58.00
7/19/2021JPMorgan Chase & Co.Boost TargetNAC$57.00 ➝ C$58.00
7/9/2021ScotiabankLower TargetC$61.00 ➝ C$60.00
6/17/2021Raymond JamesReiterated RatingMarket PerformC$58.00
6/1/2021BMO Capital MarketsLower TargetOutperform ➝ Market PerformC$60.00 ➝ C$57.00
5/6/2021Raymond JamesReiterated RatingMarket PerformC$58.00
5/6/2021Royal Bank of CanadaReiterated RatingSector PerformC$59.00
5/5/2021CIBCReiterated RatingOutperformC$58.00
4/28/2021Raymond JamesDowngradeOutperform ➝ Market PerformC$58.00
3/11/2021JPMorgan Chase & Co.Lower TargetNAC$54.00 ➝ C$53.00
3/5/2021UBS GroupLower TargetC$60.00 ➝ C$57.00
2/17/2021Raymond JamesReiterated RatingOutperformC$58.00
2/17/2021Royal Bank of CanadaLower TargetSector PerformC$59.00
1/27/2021ScotiabankLower TargetC$63.00 ➝ C$61.00
1/5/2021Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$60.00
11/2/2020Raymond JamesSet TargetOutperformC$58.00
10/23/2020CSFBReiterated RatingNeutral
10/16/2020JPMorgan Chase & Co.Boost TargetC$54.00 ➝ C$57.00
9/24/2020Raymond JamesSet TargetOutperformC$58.00
9/21/2020JPMorgan Chase & Co.Lower TargetC$55.00 ➝ C$54.00
7/31/2020Raymond JamesSet TargetOutperformC$58.00
7/31/2020National Bank FinancialBoost TargetSector PerformC$60.00 ➝ C$61.00
7/31/2020BMO Capital MarketsBoost TargetC$56.00 ➝ C$59.00
7/23/2020JPMorgan Chase & Co.Lower TargetC$57.00 ➝ C$55.00
5/7/2020Raymond JamesSet TargetOutperformC$58.00
5/7/2020TD SecuritiesBoost TargetAction List BuyC$62.00 ➝ C$63.00
5/7/2020CIBCBoost TargetC$57.00 ➝ C$58.00
4/23/2020CIBCBoost TargetC$55.00 ➝ C$57.00
4/21/2020JPMorgan Chase & Co.Boost TargetC$55.00 ➝ C$57.00
4/15/2020ScotiabankBoost TargetC$62.00 ➝ C$63.00
3/31/2020TD SecuritiesUpgradeHold ➝ Action List BuyC$62.00
3/30/2020BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$57.00 ➝ C$55.00
3/20/2020CIBCUpgradeNeutral ➝ OutperformC$59.00 ➝ C$55.00
3/13/2020Raymond JamesUpgradeMarket Perform ➝ OutperformC$58.00
2/14/2020Raymond JamesReiterated RatingMarket PerformC$58.00
2/14/2020TD SecuritiesBoost TargetHoldC$54.00 ➝ C$61.00
2/14/2020Wells Fargo & CompanyBoost TargetC$59.00 ➝ C$64.00
2/14/2020CIBCBoost TargetC$58.00 ➝ C$59.00
2/14/2020Royal Bank of CanadaBoost TargetOutperformC$59.00 ➝ C$63.00
2/7/2020UBS GroupBoost TargetC$59.00 ➝ C$64.00
2/7/2020ScotiabankBoost TargetC$57.00 ➝ C$62.00
1/30/2020CIBCDowngradeOutperform ➝ NeutralC$57.00 ➝ C$58.00
1/29/2020Raymond JamesSet TargetMarket PerformC$55.00
1/29/2020National Bank FinancialBoost TargetSector PerformC$54.00 ➝ C$60.00
1/20/2020Credit Suisse GroupBoost TargetC$54.00 ➝ C$58.00
1/20/2020CSFBBoost TargetC$54.00 ➝ C$58.00
1/15/2020CIBCBoost TargetC$55.00 ➝ C$57.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

0.32 (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
  • 6 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 4 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 3 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 3 very positive mentions
  • 21 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 4 very positive mentions
  • 15 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
9/22/2024
  • 2 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 9 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 3 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 3 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

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 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 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 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four 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 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It 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 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 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: C$60.01
Low: C$59.05
High: C$60.18

50 Day Range

MA: C$61.33
Low: C$59.21
High: C$63.13

52 Week Range

Now: C$60.01
Low: C$51.02
High: C$63.75

Volume

3,424,683 shs

Average Volume

1,654,317 shs

Market Capitalization

C$29.72 billion

P/E Ratio

18.81

Dividend Yield

3.98%

Beta

0.23

Frequently Asked Questions

What sell-side analysts currently cover shares of Fortis?

The following sell-side analysts have issued research reports on Fortis in the last twelve months: Bank of America Co., BMO Capital Markets, CIBC, JPMorgan Chase & Co., National Bankshares, Inc., Raymond James, Royal Bank of Canada, Scotiabank, UBS Group AG, and Wells Fargo & Company.
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 C$60.33, suggesting a possible upside of 0.5%. Royal Bank of Canada has the highest price target set, predicting FTS will reach C$65.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of C$53.00 for Fortis in the next year.
View the latest price targets for FTS.

What is the current consensus analyst rating for Fortis?

Fortis currently has 3 sell ratings and 6 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Reduce."
View the latest ratings for FTS.

What other companies compete with Fortis?

Other companies that are similar to Fortis include Hydro One, Emera, Caribbean Utilities, Crius Energy Unt and Brookfield Infrastructure Partners. Learn More about companies similar to Fortis.

How do I contact Fortis' investor relations team?

Fortis' physical mailing address is 5 Fortis Place Suite 1100, Stn a PO Box 8837, ST. JOHNS, NL A1B 3T2, Canada. The company's listed phone number is +1-709-7372800. The official website for Fortis is www.fortisinc.com. Learn More about contacing Fortis investor relations.