In a report issued on November 25, Andrew Kuske from Credit Suisse maintained a Hold rating on Fortis (FTS – Research Report), with a price target of C$54.00. The company’s shares closed last Monday at $39.25.
According to TipRanks.com, Kuske is a 4-star analyst with an average return of 6.8% and a 67.6% success rate. Kuske covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Brookfield Infrastructure, and TransAlta.
Currently, the analyst consensus on Fortis is a Moderate Buy with an average price target of $50.88, which is a 29.5% upside from current levels. In a report issued on November 21, BMO Capital also maintained a Hold rating on the stock with a C$55.00 price target.
The company has a one-year high of $42.80 and a one-year low of $31.80. Currently, Fortis has an average volume of 458.6K.
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Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated.