Fortis (TSE:FTS) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Fortis (TSE:FTS) had its price target increased by research analysts at BMO Capital Markets from C$81.00 to C$85.00 in a note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets‘s price objective points to a potential downside of 0.01% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Desjardins set a C$85.00 target price on shares of Fortis and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Canadian Imperial Bank of Commerce lowered their price target on shares of Fortis from C$82.00 to C$78.00 in a report on Tuesday, September 22nd. Finally, Barclays dropped their price target on shares of Fortis from C$82.00 to C$76.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 30th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$81.68.

Fortis Stock Up 1.7%

Shares of TSE:FTS traded up C$1.43 during mid-day trading on Wednesday, hitting C$85.01. 1,225,924 shares of the company traded hands, compared to its average volume of 1,598,645. The firm’s 50 day simple moving average is C$77.08 and its 200 day simple moving average is C$77.70. The firm has a market cap 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 debt-to-equity ratio of 143.60, a quick ratio of 0.36 and a current ratio of 0.56. Fortis has a 52-week low of C$69.06 and a 52-week high of C$85.19.

Fortis (TSE:FTS) last released its quarterly earnings results on Tuesday, November 3rd. The company reported C$0.92 earnings per share for the quarter. Fortis had a return on equity of 7.43% and a net margin of 14.72%. The firm had revenue of C$3.12 billion during the quarter. On average, equities analysts anticipate that Fortis will post 3.34 EPS for the current year.

Fortis Company Profile

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.