Fortis (TSE:FTS) Stock Gets Price Target Increase from TD

Fortis (TSE:FTS) had its price objective boosted by TD from C$87.00 to C$90.00 in a report issued on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD‘s price objective suggests a potential upside of 5.87% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Canadian Imperial Bank of Commerce decreased their price target on shares of Fortis from C$82.00 to C$78.00 in a report on Tuesday, September 22nd. Barclays dropped their price objective on shares of Fortis from C$82.00 to C$76.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. National Bank Financial upped their target price on Fortis from C$83.00 to C$84.00 and gave the company a “sector perform” rating in a research report on Wednesday. Desjardins set a C$85.00 target price on Fortis and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Finally, BMO Capital Markets raised their target price on Fortis from C$81.00 to C$85.00 and gave the stock a “market perform” rating in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$81.68.

Fortis Stock Up 1.7%

Shares of FTS traded up C$1.43 during mid-day trading on Wednesday, hitting C$85.01. 1,225,924 shares of the company traded hands, compared to its average volume of 1,598,645. The company has a market capitalization of C$43.43 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 3.01 and a beta of 0.34. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 143.60. The business has a 50 day moving average of C$77.08 and a 200 day moving average of C$77.70. Fortis has a 1-year low of C$69.06 and a 1-year high of C$85.19.

Fortis (TSE:FTS) last released its earnings results on Tuesday, November 3rd. The company reported C$0.92 EPS for the quarter. The company had revenue of C$3.12 billion during the quarter. Fortis had a net margin of 14.72% and a return on equity of 7.43%. Equities research analysts anticipate that Fortis will post 3.34 EPS for the current year.

Fortis Company Profile

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.