Fortis Inc Can’t Be More Safe. Trades Significantly Higher

 Fortis Inc Can't Be More Safe. Trades Significantly Higher

The stock of Fortis Inc (TSE:FTS) is a huge mover today! About 333,031 shares traded hands. Fortis Inc (TSE:FTS) has risen 5.08% since March 31, 2016 and is uptrending. It has outperformed by 3.99% the S&P500.
The move comes after 8 months positive chart setup for the $17.23 billion company. It was reported on Nov, 4 by Barchart.com. We have $59.88 PT which if reached, will make TSE:FTS worth $6.38B more.

Fortis Inc (TSE:FTS) Ratings Coverage

Out of 8 analysts covering Fortis Incorporated (TSE:FTS), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $50 is the highest target while $38 is the lowest. The $45.75 average target is 4.67% above today’s ($43.71) stock price. Fortis Incorporated has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, September 22 by Raymond James. IBC downgraded the stock to “Sector Perform” rating in Wednesday, July 20 report. RBC Capital Markets maintained Fortis Inc (TSE:FTS) rating on Wednesday, October 7. RBC Capital Markets has “Outperform” rating and $44 price target.

More notable recent Fortis Inc (TSE:FTS) news were published by: Prnewswire.com which released: “Fortis Inc. and GIC Acquisition of ITC Holdings Corp. Authorized by the …” on September 26, 2016, also Fool.ca with their article: “Income Investors: Is Fortis Inc. Still a Safe Bet?” published on November 01, 2016, Fool.ca published: “Why You Should Avoid Fortis Inc. and Buy This Utility” on November 02, 2016. More interesting news about Fortis Inc (TSE:FTS) were released by: Fool.ca and their article: “TransCanada Corporation vs Fortis Inc.: Which Is a Better Dividend Stock?” published on October 17, 2016 as well as Prnewswire.com‘s news article titled: “Kansas Corporation Commission Approves Fortis Inc. Acquisition of ITC Holdings …” with publication date: October 11, 2016.

Fortis Inc is a Canada-based electric and gas utility company. The company has a market cap of $17.23 billion. The Company’s divisions include Regulated Utilities and Non-Regulated Utilities. It has a 22.55 P/E ratio. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-United States, which consists of UNS Energy Corporation (UNS Energy) and Central Hudson Gas & Electric Corporation (Central Hudson); Regulated Gas Utility-Canadian, which consists of FortisBC Energy Inc. (FortisBC Energy); Regulated Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Electric and Eastern Canadian, and Regulated Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd. (Caribbean Utilities), Fortis Turks and Caicos, and its investment in Belize Electricity Limited (Belize Electricity).

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