A Wall Street analyst has provided a review for the Utilities company today, but retained the same rating on the stock. Analyst Robert Kwan from RBC Capital remains bullish on Fortis Inc. (FTS) and has a C$53 price target.
Kwan has an average return of 7.7% when recommending Fortis Inc..
According to TipRanks.com, Kwan is ranked #184 out of 5180 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fortis Inc. with a C$50.33 average price target, which is an 8.8% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$50 price target.
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Fortis Inc.’s market cap is currently C$19.87B and has a P/E ratio of 20.4. The company has a Price to Book ratio of 1.38.
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$46.24.
