Fortis (TSE:FTS) Given a C$85.00 Price Target at Desjardins

Fortis (TSE:FTS) has been assigned a C$85.00 price target by investment analysts at Desjardins in a note issued to investors on Tuesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins‘s target price indicates a potential upside of 5.03% from the stock’s current price.

A number of other equities research analysts also recently weighed in on FTS. Canadian Imperial Bank of Commerce lowered their price target on Fortis from C$82.00 to C$78.00 in a research report on Tuesday, September 22nd. Barclays reduced their price objective on Fortis from C$82.00 to C$76.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 30th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$79.23.

Fortis Price Performance

Fortis stock traded up C$0.33 during mid-day trading on Tuesday, hitting C$80.93. 346,755 shares of the company traded hands, compared to its average volume of 1,587,959. The stock has a fifty day moving average price of C$76.50 and a 200-day moving average price of C$77.34. The company has a debt-to-equity ratio of 143.60, a quick ratio of 0.36 and a current ratio of 0.56. The stock has a market cap of C$41.35 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 3.01 and a beta of 0.34. Fortis has a one year low of C$69.06 and a one year high of C$83.75.

Fortis (TSE:FTS) last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.78 earnings per share (EPS) for the quarter. Fortis had a net margin of 14.72% and a return on equity of 7.43%. The company had revenue of C$2.93 billion during the quarter. On average, equities analysts predict that Fortis will post 3.34 earnings per share for the current fiscal 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.