In a latest note to investors, a research analyst has provided a rating update for the Utilities sector company, Fortis Inc. (FTS). Analyst David Quezada from Raymond James remains bullish on the stock and has a C$50 price target.
Quezada has an average return of 9.1% when recommending Fortis Inc..
According to TipRanks.com, Quezada is ranked #1311 out of 5220 analysts.
Fortis Inc. has an analyst consensus of Strong Buy, with a price target consensus of C$50.33, implying a 6.1% upside from current levels. In a report issued on February 19, RBC Capital also maintained a Buy rating on the stock with a C$53 price target.
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The company has a one-year high of C$48.10 and a one-year low of C$39.38. Currently, Fortis Inc. has an average volume of 1.24M.
Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated.
The company’s shares closed on Thursday at C$47.43, close to its 52-week high of C$48.10.
