Fortis Inc. (FTS) Stock Forecast & Predictions

Fortis Inc. FTS: $44.63

Fortis Place, Suite 1100, 5 Springdale Street, St Johns, Newfoundland And Labrador, Canada. | Sector: Utilities | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.fortisinc.com

  • Market Cap$21.08B
  • Change (52 Weeks)22.03%
  • Low (52 Weeks)$34.54
  • Fortis Inc. (FTS) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 25.00% on Sell, and 43.75% Neutral.

    According to the market data, Fortis Inc. (FTS) stock price is $44.63 and the 52 weeks low is $34.54, which means the Fortis Inc. stock price is up 22.03% in the last 12 months.

    Fortis Inc. (FTS) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that FTS Stock price might rise further, 25.00% indicating that FTS Stock price might fall, and 43.75% are in a neutral position.

    Based on these technical algorithms, overall FTS stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Fortis Inc. (FTS) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Fortis Inc. (FTS) is based on 19 Institutional Analyst Ratings where 52.63% are on Strong Buy, 15.79% on Moderate Buy, 31.58% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 19 Institutional Analysts, majority recommended FTS stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Fortis Inc..

    Fortis Inc. (FTS) Stock Price Prediction By Analysts


    HighLowAverage
    $58.80$52.54$54.71
    $54.7122.59% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for FTS set by the institutional analysts is $54.71 where High Estimate is $58.80, Median $53.952104399999996 and Low $52.54.

    The average price target for FTS by Institutional Analysts is $54.71, which is 22.59% Upside from the current price. So according to the Institutional Analysts, FTS Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Fortis Inc. (FTS) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    JPMorgan ChaseDowngraded
    JPMorgan ChaseDowngraded
    UBSDowngraded
    RBC CapitalSector PerformDowngraded
    Raymond James FinancialOutperformMaintained
    SbankDowngraded
    RBC CapitalSector PerformDowngraded
    JPMorgan ChaseDowngraded
    National Bank FinancialSector PerformUpgraded
    BMO Capital MarketsUpgraded
    JPMorgan ChaseDowngraded
    UBSBuyMaintained
    TD SecuritiesAction List BuyUpgraded
    JPMorgan ChaseUpgraded
    SbankUpgraded
    TD SecuritiesAction List BuyUpgraded
    BMO Capital MarketsOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    Wells FargoUpgraded
    TD SecuritiesHoldUpgraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialMarket PerformInitiated
    CIBC World MarketsUpgraded
    UBSUpgraded
    SbankUpgraded
    CIBC World MarketsNeutralDowngraded
    CiBCNeutralDowngraded
    National Bank FinancialSector PerformUpgraded
    Credit SuisseUpgraded
    CIBC World MarketsUpgraded
    TD SecuritiesHoldDowngraded
    National Bank FinancialSector PerformInitiated
    Wells FargoOutperformReiterated
    UBSDowngraded
    TD SecuritiesHoldUpgraded
    Raymond James FinancialMarket PerformInitiated
    Raymond James FinancialMarket PerformInitiated
    National Bank FinancialSector PerformUpgraded
    CIBC World MarketsUpgraded
    BMO Capital MarketsMarket PerformDowngraded
    BMO Capital MarketsUpgraded
    UBSUpgraded
    Wells FargoUpgraded
    CIBC World MarketsNeutralDowngraded
    CIBCNeutralDowngraded
    RBC CapitalUpgraded
    UBSUpgraded
    TD SecuritiesHoldUpgraded
    Raymond James FinancialMarket PerformInitiated
    National Bank FinancialSector PerformUpgraded
    Raymond James FinancialUpgraded
    Credit SuisseNeutralUpgraded
    CIBC World MarketsUpgraded
    JPMorgan ChaseUpgraded
    BMO Capital MarketsUpgraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    Raymond James FinancialMarket PerformDowngraded
    JPMorgan ChaseUpgraded
    CIBC World MarketsUpgraded
    UBSUpgraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialOutperformInitiated
    BMO Capital MarketsUpgraded
    TD SecuritiesHoldDowngraded
    National Bank FinancialSector PerformUpgraded
    National Bank FinancialSector PerformUpgraded
    CIBC World MarketsUpgraded
    UBSUpgraded
    TD SecuritiesBuyUpgraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialOutperformInitiated
    CIBC World MarketsUpgraded
    CIBC World MarketsDowngraded
    National Bank FinancialSector PerformUpgraded
    Industrial Alliance SecuritiesDowngraded
    BMO Capital MarketsDowngraded
    UBSBuyInitiated
    SbankSector PerformDowngraded
    National Bank FinancialSector PerformUpgraded
    CIBC World MarketsDowngraded
    CIBC World MarketsDowngraded
    CIBC World MarketsUpgraded
    CIBC World MarketsUpgraded
    JPMorgan ChaseUpgraded
    SbankOutperformUpgraded
    RBC CapitalOutperformUpgraded
    JPMorgan ChaseUpgraded
    National Bank FinancialSector PerformReiterated
    CIBC World MarketsUpgraded
    JPMorgan ChaseDowngraded
    BMO Capital MarketsInitiated
    CIBC World MarketsNeutralDowngraded
    TD SecuritiesBuyUpgraded
    SbankOutperformReiterated
    RBC CapitalOutperformDowngraded
    BarclaysOverweightUpgraded
    SbankOutperformMaintained
    BarclaysOverweightMaintained
    JPMorgan ChaseNeutralMaintained
    JP MorganNeutralInitiated
    Desjardins SecuritiesBuyMaintained
    CIBC World MarketsMaintained
    Desjardins SecuritiesMaintained
    Raymond James FinancialOutperformMaintained
    TD SecuritiesBuyMaintained
    SbankOutperformMaintained
    RBC CapitalMaintained
    BMO Capital MarketsMaintained
    TD SecuritiesBuyMaintained
    RBC CapitalOutperformMaintained
    BMO Capital MarketsMaintained
    RBC CapitalOutperformMaintained
    BMO Capital MarketsOutperformMaintained
    RBC CapitalOutperformMaintained
    TD SecuritiesMaintained
    Credit SuisseNeutralDowngraded
    CIBC World MarketsSector OutperformerMaintained
    Credit SuisseMaintained
    BMO Capital MarketsMaintained
    BarclaysEqual WeightMaintained
    SbankOutperformMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialSector PerformMaintained
    TD SecuritiesBuyMaintained
    BarclaysEqual WeightMaintained
    SbankMaintained
    BarclaysEqual WeightMaintained
    RBC CapitalOutperformUpgraded
    SbankSector OutperformMaintained
    RBC CapitalSector PerformMaintained
    BMO Capital MarketsAt Market PerformMaintained
    TD SecuritiesBuyMaintained
    RBC CapitalSector PerformMaintained
    CIBC World MarketsSector OutperformUpgraded
    BMO Capital MarketsAt Market PerformMaintained
    TD SecuritiesBuyMaintained
    SbankSector OutperformMaintained
    Credit SuisseNeutralDowngraded
    CIBC World MarketsSector OutperformUpgraded
    Canaccord GenuityHoldMaintained
    TD SecuritiesHoldDowngraded
    SbankSector OutperformMaintained
    SbankSector OutperformMaintained
    BarclaysEqual WeightMaintained
    Canaccord GenuityMaintained
    SbankMaintained
    National Bank FinancialMaintained
    BarclaysEqual WeightMaintained

    Fortis Inc. (FTS) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.609
    The average consensus EPS for FTS is $0.609 with a high estimate of $0.666 and Low of $0.559 for the period 2021-06-30 and based on 11 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.69$0.67531632020-12-31


    The latest average Earning Per Share Estimate for Fortis Inc. is $0.61, which is lower than FTS's last EPS, $0.69. This means that Analysts are expecting Fortis Inc. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Fortis Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.69$0.67531632020-12-31
    $0.65$0.66288322020-09-30
    $0.56$0.56444860000000012020-06-30
    $0.68$0.73745149999999992020-03-31
    $0.62$0.60562632019-12-31
    $0.66$0.66244892019-09-30
    $0.54$0.57946732019-06-30
    $0.74$0.73441142019-03-31
    $0.56$0.61722110000000012018-12-31
    $0.65$0.634282018-09-30
    $0.57$0.58424462018-06-30
    $0.69$0.70929272018-03-31
    $0.61$0.6350882017-12-31
    $0.61$0.5731752017-09-30
    $0.61$0.55641912017-06-30
    $0.69$0.71976642017-03-31
    $0.64$0.518132016-12-31
    $0.54$0.5030812016-09-30
    $0.46$0.45868142016-06-30
    $0.67$0.6792252016-03-31
    $0.51$0.449452015-12-31
    $0.52$0.466620000000000032015-09-30
    $0.44$0.4469252015-06-30
    $0.65$0.61946332015-03-31
    $0.44$0.493213299999999972014-12-31
    $0.06$0.266642014-09-30
    $0.22$0.276740000000000042014-06-30
    $0.65$0.6539752014-03-31
    $0.48$0.49153672013-12-31
    $0.23$0.269336700000000042013-09-30
    $0.31$0.32322013-06-30
    $0.67$0.67381142013-03-31
    $0.45$0.49056712012-12-31
    $0.24$0.26091332012-09-30
    $0.33$0.33666332012-06-30
    $0.66$0.6792252012-03-31
    $0.46$0.469652011-12-31
    $0.25$0.236340000000000022011-09-30
    $0.33$0.3509752011-06-30
    $0.67$0.62695750000000012011-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).