Fortis’ (FTS) Buy Rating Reiterated at Desjardins
Several other research firms have also commented on FTS. Scotiabank increased their price objective on shares of Fortis from C$46.00 to C$48.00 and gave the company an outperform rating in a research note on Tuesday, August 2nd. TD Securities increased their price objective on shares of Fortis from C$49.00 to C$50.00 and gave the company a buy rating in a research note on Monday, November 7th. Royal Bank Of Canada increased their price objective on shares of Fortis from C$48.00 to C$52.00 and gave the company an outperform rating in a research note on Wednesday, August 3rd. CIBC increased their price objective on shares of Fortis from C$44.00 to C$47.00 in a research note on Wednesday, September 28th. Finally, Raymond James Financial Inc. reiterated an outperform rating and issued a C$50.00 price objective on shares of Fortis in a research note on Thursday, September 22nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of C$46.80.
Shares of Fortis (TSE:FTS) opened at 40.93 on Thursday. Fortis has a 52 week low of $35.51 and a 52 week high of $44.87. The company has a 50 day moving average price of $41.96 and a 200 day moving average price of $42.13. The company has a market capitalization of $16.36 billion and a PE ratio of 21.84.
ILLEGAL ACTIVITY WARNING: “Fortis’ (FTS) Buy Rating Reiterated at Desjardins” was first published by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be accessed at http://www.dailypolitical.com/2016/11/29/fortis-fts-buy-rating-reiterated-at-desjardins.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This is an increase from Fortis’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.91%.
Fortis Company Profile
Fortis Inc (Fortis) is a Canada-based electric and gas utility company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-United States, which consists of UNS Energy Corporation (UNS Energy) and Central Hudson Gas & Electric Corporation (Central Hudson); Regulated Gas Utility-Canadian, which consists of FortisBC Energy Inc (FortisBC Energy); Regulated Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Electric and Eastern Canadian, and Regulated Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd.
Receive News & Ratings for Fortis Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortis Inc and related companies with MarketBeat.com's FREE daily email newsletter.