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

Fortis (TSE:FTS) received a C$85.00 price target from research analysts at Desjardins in a note issued to investors on Tuesday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price target would indicate a potential upside of 5.03% from the stock’s previous close.

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

Fortis Trading Up 0.4%

Shares of TSE FTS traded up C$0.33 during mid-day trading on Tuesday, hitting C$80.93. The stock had a trading volume of 346,755 shares, compared to its average volume of 1,587,959. The company has a debt-to-equity ratio of 143.60, a quick ratio of 0.36 and a current ratio of 0.56. Fortis has a 1 year low of C$69.06 and a 1 year high of C$83.75. The business has a 50 day moving average price of C$76.50 and a two-hundred day moving average price of C$77.34. The firm has a market cap of C$41.35 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 3.01 and a beta of 0.34.

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

About Fortis

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.