At the time of writing, Fortis Inc. [FTS] stock is trading at $45.38, up 0.87%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FTS shares have gain 1.79% over the last week, with a monthly amount glided 3.54%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, JP Morgan downgraded its rating to Underweight on December 12, 2023. On December 14, 2022, upgrade upgraded it’s rating to Equal Weight. Raymond James upgraded its rating to a Outperform. Edward Jones downgraded its rating to a Hold. UBS downgraded its rating to Sell for this stock on June 30, 2022. In a note dated June 01, 2022, Wells Fargo downgraded an Underweight rating on this stock.
For the past year, the stock price of Fortis Inc. fluctuated between $36.30 and $45.83. Currently, Wall Street analysts expect the stock to reach $50.86 within the next 12 months. Fortis Inc. [NYSE: FTS] shares were valued at $45.38 at the most recent close of the market. An investor can expect a potential return of 12.08% based on the average FTS price forecast.
Analyzing the FTS fundamentals
According to Fortis Inc. [NYSE:FTS], the company’s sales were 8.41B for trailing twelve months, which represents an 1.03% jump. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.11 points at the first support level, and at 44.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.60, and for the 2nd resistance point, it is at 45.82.
Ratios To Look Out For
It is important to note that Fortis Inc. [NYSE:FTS] has a current ratio of 0.69. In addition, the Quick Ratio stands at 0.58 and the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 2.67, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 19.26.
