Fortis Inc. [FTS] stock is trading at $44.22, down -1.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FTS shares have lost -1.21% over the last week, with a monthly amount drifted -1.71%, and not 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.
Fortis Inc. [FTS] stock has fluctuated between $36.86 and $46.06 over the past year. Currently, Wall Street analysts expect the stock to reach $50.86 within the next 12 months. Fortis Inc. [NYSE: FTS] shares were valued at $44.22 at the most recent close of the market. An investor can expect a potential return of 15.02% based on the average FTS price forecast.
Analyzing the FTS fundamentals
Fortis Inc. [NYSE:FTS] reported sales of 8.41B for the trailing twelve months, which represents a growth of 1.03%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.38.
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 43.74 points at the first support level, and at 43.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.79, and for the 2nd resistance point, it is at 45.36.
Ratios To Look Out For
For context, Fortis Inc.’s Current Ratio is 0.69. As well, the Quick Ratio is 0.58, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 2.60, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 18.77.
