Fortis Inc. (FTS)
NYSE: FTS · IEX Real-Time Price · USD
37.64
+0.50 (1.35%)
Apr 17, 2024, 4:00 PM EDT - Market closed
Fortis Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Fortis stock have an average target of 61.25, with a low estimate of 60.5 and a high estimate of 62. The average target predicts an increase of 62.73% from the current stock price of 37.64.
Analyst Consensus: Buy
* Price targets were last updated on Aug 24, 2023.
Analyst Ratings
The average analyst rating for Fortis stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
---|---|---|---|---|---|---|
Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Hold | 2 | 2 | 2 | 2 | 2 | 1 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 3 | 3 | 3 | 3 | 3 | 2 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Credit Suisse | Credit Suisse | Hold Maintains $62 → $61 | Hold | Maintains | $62 → $61 | +60.73% | Aug 24, 2023 |
Raymond James | Raymond James | Buy Maintains $65 → $62 | Buy | Maintains | $65 → $62 | +64.72% | Aug 3, 2023 |
RBC Capital | RBC Capital | Hold Reiterates $65 | Hold | Reiterates | $65 | +72.69% | Mar 24, 2023 |
Raymond James | Raymond James | Hold → Buy Upgrades $58 | Hold → Buy | Upgrades | $58 | +54.09% | Oct 19, 2022 |
Edward Jones | Edward Jones | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jul 27, 2022 |
Financial Forecast
Revenue This Year
12.13B
from 11.52B
Increased by 5.30%
Revenue Next Year
12.58B
from 12.13B
Increased by 3.69%
EPS This Year
3.23
from 3.10
Increased by 4.13%
EPS Next Year
3.35
from 3.23
Increased by 3.77%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 13.8B | 14.0B | 14.4B | 14.5B | 13.5B |
Avg | 12.1B | 12.6B | 13.0B | 13.2B | 13.0B |
Low | 11.1B | 11.4B | 11.9B | 12.1B | 12.6B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 19.5% | 15.0% | 14.8% | 10.9% | 2.6% |
Avg | 5.3% | 3.7% | 3.7% | 1.2% | -1.3% |
Low | -3.9% | -5.9% | -5.7% | -7.1% | -4.2% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 3.41 | 3.58 | 3.78 | 4.08 | 4.04 |
Avg | 3.23 | 3.35 | 3.51 | 3.77 | 3.88 |
Low | 3.05 | 3.16 | 3.28 | 3.56 | 3.77 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 10.1% | 10.9% | 12.8% | 16.2% | 6.9% |
Avg | 4.1% | 3.8% | 4.9% | 7.4% | 2.9% |
Low | -1.7% | -2.2% | -2.0% | 1.3% | -0.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.