Is Fortis Inc a Sell? The Stock Declines Again

 Is Fortis Inc a Sell? The Stock Declines Again

The stock of Fortis Inc (TSE:FTS) is a huge mover today! About 1.53 million shares traded hands. Fortis Inc (TSE:FTS) has risen 1.66% since April 8, 2016 and is uptrending. It has underperformed by 3.33% the S&P500.
The move comes after 6 months negative chart setup for the $15.71B company. It was reported on Nov, 14 by Barchart.com. We have $37.01 PT which if reached, will make TSE:FTS worth $1.10 billion less.

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. Fortis Incorporated has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Fortis Inc (TSE:FTS) earned “Outperform” rating by Raymond James on Thursday, September 22. The firm earned “Sector Perform” rating on Wednesday, July 20 by IBC. As per Wednesday, October 7, the company rating was maintained by RBC Capital Markets.

More notable recent Fortis Inc (TSE:FTS) news were published by: Fool.ca which released: “4 Top Reasons to Love Fortis Inc.” on November 11, 2016, also Marketwatch.com with their article: “Fortis Inc. Announces Pricing of US$2.0 Billion Notes Offering” published on September 30, 2016, Fool.ca published: “Is Fortis Inc. the Best Place to Hide During a Recession?” on November 09, 2016. More interesting news about Fortis Inc (TSE:FTS) were released by: Fool.ca and their article: “Dividend Seekers: Should You Buy Fortis Inc. or Enbridge Inc. Today?” published on October 13, 2016 as well as Fool.ca‘s news article titled: “Fortis Inc. Is an Income Stock to Buy and Hold Forever” with publication date: October 10, 2016.

Fortis Inc is a Canada-based electric and gas utility company. The company has a market cap of $15.71 billion. The Company’s divisions include Regulated Utilities and Non-Regulated Utilities. It has a 21.54 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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