Raymond James Maintains Their Hold Rating on Fortis (FTS)

Raymond James analyst David Quezada maintained a Hold rating on Fortis (FTSResearch Report) today and set a price target of C$58.00. The company’s shares closed last Monday at $44.03, close to its 52-week high of $44.49.

Quezada has an average return of 12.7% when recommending Fortis.

According to TipRanks.com, Quezada is ranked #409 out of 5913 analysts.

Currently, the analyst consensus on Fortis is a Moderate Buy with an average price target of $43.63, representing a -0.5% downside. In a report released yesterday, CIBC also maintained a Hold rating on the stock with a C$59.00 price target.

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Fortis’ market cap is currently $20.15B and has a P/E ratio of 16.12. The company has a Price to Book ratio of 1.62.

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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.