Fortis Inc. (FTS), the Utilities sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold rating from National Bank’s analyst Patrick Kenny, with a C$48 price target.
According to TipRanks.com, Kenny is a 2-star analyst with an average return of 0.2% and a 66.7% success rate. Kenny covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortis Inc. with a C$49 average price target.
The company has a one-year high of C$47.36 and a one-year low of C$39.38. Currently, Fortis Inc. has an average volume of 1.26M.
Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities-United States, Regulated Utilities-Canadian, Regulated Utilities-Caribbean, Non-Regulated-Energy Infrastructure, and Corporate & Other.
The company’s shares closed on Tuesday at C$46.40, close to its 52-week high of C$47.36.
