Fortis (FTS) Gets a Hold Rating from Credit Suisse

In a report issued on November 25, Andrew Kuske from Credit Suisse maintained a Hold rating on Fortis (FTSResearch 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.

See today’s analyst top recommended stocks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated.