Fortis Inc. (TSE:FTS) Stock Has Consensus Target Price of C$79.23 According to Brokerages

Shares of Fortis Inc. (TSE:FTS) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$79.23.

FTS has been the topic of several recent research reports. Desjardins set a C$85.00 price objective on shares of Fortis and gave the stock a “buy” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce cut their target price on shares of Fortis from C$82.00 to C$78.00 in a research report on Tuesday, September 22nd. Finally, Barclays cut their target price on shares of Fortis from C$82.00 to C$76.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th.

Fortis Stock Down 1.0%

FTS stock opened at C$80.24 on Monday. Fortis has a fifty-two week low of C$69.06 and a fifty-two week high of C$83.75. The business’s 50-day moving average is C$76.63 and its two-hundred day moving average is C$77.48. The company has a debt-to-equity ratio of 143.60, a quick ratio of 0.36 and a current ratio of 0.56. The company has a market cap of C$40.99 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 3.01 and a beta of 0.34.

Fortis (TSE:FTS) last announced its earnings results on Friday, July 31st. The company reported C$0.78 earnings per share (EPS) for the quarter. The business had revenue of C$2.93 billion for the quarter. Fortis had a return on equity of 7.43% and a net margin of 14.72%. As a group, analysts forecast that Fortis will post 3.34 earnings per share for the current year.

Fortis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, August 19th. Fortis’s dividend payout ratio (DPR) is currently 74.56%.

Fortis Company Profile

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.