Is Buying Stock Like Fortis Inc After Such Increase Winning Strategy?

 Is Buying Stock Like Fortis Inc After Such Increase Winning Strategy?

The stock of Fortis Inc (TSE:FTS) is a huge mover today! About 136,652 shares traded hands. Fortis Inc (TSE:FTS) has risen 4.40% since April 22, 2016 and is uptrending. It has underperformed by 1.62% the S&P500.
The move comes after 6 months positive chart setup for the $16.36 billion company. It was reported on Nov, 28 by Barchart.com. We have $44.52 PT which if reached, will make TSE:FTS worth $1.47B more.

Fortis Inc (TSE:FTS) Ratings Coverage

Out of 9 analysts covering Fortis Incorporated (TSE:FTS), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. $50 is the highest target while $38 is the lowest. The $45.78 average target is 12.10% above today’s ($40.84) stock price. Fortis Incorporated has been the topic of 16 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by IBC on Wednesday, July 20. Raymond James maintained the shares of FTS in a report on Thursday, September 22 with “Outperform” rating. The rating was maintained by RBC Capital Markets on Wednesday, October 7 with “Outperform”. Desjardins Securities maintained the shares of FTS in a report on Thursday, November 24 with “Buy” rating.

More notable recent Fortis Inc (TSE:FTS) news were published by: Moodys.com which released: “Moody’s assigns new Baa3 ratings to Fortis Inc; outlook stable” on September 26, 2016, also Fool.ca with their article: “Get Stable, Long-Term Growth From Fortis Inc.” published on November 23, 2016, Marketwatch.com published: “Fortis Inc. Announces Pricing of US$2.0 Billion Notes Offering” on September 30, 2016. More interesting news about Fortis Inc (TSE:FTS) were released by: Fool.ca and their article: “Fortis Inc. Is an Income Stock to Buy and Hold Forever” published on October 10, 2016 as well as Fool.ca‘s news article titled: “4 Top Reasons to Love Fortis Inc.” with publication date: November 11, 2016.

Fortis Inc is a Canada-based electric and gas utility company. The company has a market cap of $16.36 billion. The Company’s divisions include Regulated Utilities and Non-Regulated Utilities. It has a 22.1 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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