A statement released earlier today by CIBC World Markets about Fortis Inc (TSE:FTS) bumps the target price to $47.00
- Updated: September 28, 2016
CIBC World Markets bumped up the target of Fortis Inc (TSE:FTS) to $47.00 stating a potential upside of 0.11%.
On 9/22/2016, Raymond James released a statement for Fortis Inc (TSE:FTS) bumped up the target price from $0.00 to $50.00 that suggested an upside of 0.18%.
Boasting a price of $42.19, Fortis Inc (TSE:FTS) traded -0.73% lower on the day. With the last stock price close up 1.11% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Fortis Inc has recorded a 50-day average of $42.11 and a two hundred day average of $41.53. Volume of trade was down over the average, with 225,637 shares of FTS changing hands under the typical 827,321
With a total market value of $0, Fortis Inc has price-earnings ratio of 21.37 with a one year low of $35.51 and a one year high of $44.87 .
A total of 10 equity analysts have released a ratings update on FTS. One equity analyst rating the company a strong buy, seven equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $36.66.
Brief Synopsis About Fortis Inc (TSE:FTS)
Fortis Inc (Fortis) is a Canada-based electric and gas utility company. The Company's segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-United States, which consists of UNS Energy Corporation (UNS Energy) and Central Hudson Gas & Electric Corporation (Central Hudson); Regulated Gas Utility-Canadian, which consists of FortisBC Energy Inc. (FortisBC Energy); Regulated Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Electric and Eastern Canadian, and Regulated Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd. (Caribbean Utilities), Fortis Turks and Caicos, and its investment in Belize Electricity Limited (Belize Electricity). The Non-Regulated Utilities segment consists of Fortis Generation and Aitken Creek Gas Storage LLC, a provider of natural gas transmission and storage services.
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