Fortis (FTS) Given New C$48.00 Price Target at BMO Capital Markets
Shares of FTS stock opened at C$42.48 on Tuesday. Fortis has a 52 week low of C$39.38 and a 52 week high of C$48.73.
Fortis (TSE:FTS) last posted its quarterly earnings data on Tuesday, July 31st. The company reported C$0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.57. The business had revenue of C$1.95 billion during the quarter, compared to the consensus estimate of C$2.06 billion. Fortis had a return on equity of 8.20% and a net margin of 16.89%.
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 422,000 retail customers in southeastern Arizona; and 96,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 2,834 megawatts (MW), including 64 MW of solar capacity.
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