At the time of writing, Fortis Inc [FTS] stock is trading at $44.89, up 0.43%. 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 0.13% over the last week, with a monthly amount glided 1.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fortis Inc [NYSE: FTS] stock has seen the most recent analyst activity on November 06, 2024, when Raymond James downgraded its rating to a Mkt Perform. On December 12, 2023, downgrade downgraded it’s rating to Underweight. Wells Fargo upgraded its rating to a Equal Weight. Raymond James upgraded its rating to a Outperform. Edward Jones downgraded its rating to Hold for this stock on July 27, 2022. In a note dated June 30, 2022, UBS downgraded an Sell rating on this stock.
For the past year, the stock price of Fortis Inc fluctuated between $36.86 and $46.06. Currently, Wall Street analysts expect the stock to reach $50.86 within the next 12 months. Fortis Inc [NYSE: FTS] shares were valued at $44.89 at the most recent close of the market. An investor can expect a potential return of 13.3% 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 0.22% 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 0.15%. 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 of1.41.
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 44.61 points at the first support level, and at 44.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.09, and for the 2nd resistance point, it is at 45.28.
Ratios To Look Out For
It is important to note that Fortis Inc [NYSE:FTS] has a current ratio of 0.74. In addition, the Quick Ratio stands at 0.63 and the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 2.65, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 18.91.
