Fortis (FTS) – Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Fortis (NYSE: FTS) recently:

  • 2/9/2018 – Fortis was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating.
  • 2/9/2018 – Fortis was upgraded by analysts at UBS Group AG from a “market perform” rating to an “outperform” rating.
  • 1/29/2018 – Fortis was downgraded by analysts at National Bank Financial from a “sector perform” rating to an “underperform” rating.
  • 1/25/2018 – Fortis was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Fortis, Inc. is engaged in electric and gas utility business. The Company offers regulated utilities comprised of electric and gas as well as engages in non-regulated hydroelectric operations. It operates primarily in Canada, United States and Caribbean. Fortis, Inc. is based in St John’s, Canada. “
  • 1/22/2018 – Fortis was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $39.00 price target on the stock. According to Zacks, “Fortis, Inc. is engaged in electric and gas utility business. The Company offers regulated utilities comprised of electric and gas as well as engages in non-regulated hydroelectric operations. It operates primarily in Canada, United States and Caribbean. Fortis, Inc. is based in St John’s, Canada. “
  • 1/3/2018 – Fortis was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Fortis, Inc. is engaged in electric and gas utility business. The Company offers regulated utilities comprised of electric and gas as well as engages in non-regulated hydroelectric operations. It operates primarily in Canada, United States and Caribbean. Fortis, Inc. is based in St John’s, Canada. “

Fortis Inc. (NYSE:FTS) opened at $32.69 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.52 and a quick ratio of 0.43. Fortis Inc. has a 52-week low of $31.27 and a 52-week high of $38.24. The company has a market capitalization of $13,900.00, a PE ratio of 16.26, a price-to-earnings-growth ratio of 2.96 and a beta of 0.39.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.3353 dividend. This represents a $1.34 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Wednesday, February 14th. Fortis’s dividend payout ratio (DPR) is presently 66.67%.

Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 420,000 retail customers 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 customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts (MW) comprising 54 MW of solar capacity.

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