Fortis Inc [FTS] stock prices are up 0.75% to $48.15 at the moment. 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 3.64% over the last week, with a monthly amount drifted -1.59%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On November 06, 2024, downgrade downgraded it’s rating to Mkt Perform. JP Morgan downgraded its rating to a Underweight. Wells Fargo upgraded its rating to Equal Weight for this stock on December 14, 2022. In a note dated October 19, 2022, Raymond James upgraded an Outperform rating on this stock.
The stock price of Fortis Inc [FTS] has been fluctuating between $38.15 and $50.06 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 $48.15 at the most recent close of the market. An investor can expect a potential return of 5.63% based on the average FTS price forecast.
Analyzing the FTS fundamentals
The Fortis Inc [NYSE:FTS] reported sales of 8.42B for trailing twelve months, representing a surge of 0.62%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.29%, 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 of1.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
It’s worth pointing out that Fortis Inc [NYSE:FTS]’s Current Ratio is 0.76. In addition, the Quick Ratio stands at 0.63 and the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 2.87, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 20.29.
