Raymond James Keeps a Buy Rating on Fortis Inc. (FTS)


In a new note to investors today, an analyst has provided a rating update for the Utilities sector company, Fortis Inc. (FTS). Raymond James’ analyst David Quezada reiterates their Buy rating on the shares, with a C$50 price target.

Quezada has an average return of 10.0% when recommending Fortis Inc..

According to TipRanks.com, Quezada is ranked #1461 out of 5180 analysts.

Fortis Inc. has an analyst consensus of Strong Buy, with a price target consensus of C$50.33, an 8.8% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$53 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.

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