Fortis (TSE:FTS) Stock Price Target Raised at National Bank Financial

by · The Markets Daily

Fortis (TSE:FTS – Get Free Report) had its price objective raised by equities researchers at National Bank Financial from C$83.00 to C$84.00 in a report issued on Wednesday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial‘s price objective suggests a potential downside of 1.19% from the company’s previous close.

Several other research firms also recently commented on FTS. Canadian Imperial Bank of Commerce decreased their price objective on Fortis from C$82.00 to C$78.00 in a report on Tuesday, September 22nd. Desjardins set a C$85.00 target price on Fortis and gave the stock a “buy” rating in a report on Tuesday, October 27th. Barclays reduced their price target on shares of Fortis from C$82.00 to C$76.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. Finally, BMO Capital Markets boosted their price target on shares of Fortis from C$81.00 to C$85.00 and gave the company a “market perform” rating in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$81.68.

View Our Latest Report on FTS

Fortis Stock Up 1.7%

Fortis stock traded up C$1.43 during midday trading on Wednesday, reaching C$85.01. The stock had a trading volume of 1,225,924 shares, compared to its average volume of 1,598,645. Fortis has a 12 month low of C$69.06 and a 12 month high of C$85.19. The company has a market capitalization of C$43.43 billion, a P/E ratio of 25.00, a PEG ratio of 3.01 and a beta of 0.34. The company has a fifty day moving average price of C$77.08 and a two-hundred day moving average price of C$77.70. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 143.60.

Fortis (TSE:FTS – Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported C$0.92 earnings per share for the quarter. The business had revenue of C$3.12 billion for the quarter. Fortis had a return on equity of 7.43% and a net margin of 14.72%. As a group, equities analysts expect that Fortis will post 3.34 EPS for the current fiscal year.

Fortis Company Profile

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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.

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