Fortis stock has undergone multiple analysts rating changes in the recent past. Fortis Upgraded by Zacks Investment Research on 10-11-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Sell.
Shares of Fortis traded down -$0.22 on Monday, reaching $44.50. 129232 shares of the stock traded hands, compared to its average volume of 321523. Shares of Fortis were trading at $44.50 on Monday. The firm’s 50 day moving average is $45.48 and its 200 day moving average is $43.77.Fortis has a 12 month low of $44.39 and a 12 month high of $47.02. While on yearly highs and lows, Fortis’s today has traded high as $44.68 and has touched $44.39 on the downward trend. See More Analyst Rating at: RATING
Fortis Earnings and What to expect:
Fortis last released its earnings data on July 29th, 2021. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.56 billion. Fortis has generated $1.98 earnings per share over the last year ($2.04 diluted earnings per share) and currently has a price-to-earnings ratio of 21.8. Earnings for Fortis are expected to grow by 7.80% in the coming year, from $2.18 to $2.35 per share. Fortis has confirmed that its next quarterly earnings report will be published on Friday, October 29th, 2021. Fortis will be holding an earnings conference call on Friday, October 29th at 8:30 AM Eastern. Interested parties can .
Earnings for Fortis are expected to grow by 7.80% in the coming year, from $2.18 to $2.35 per share. The P/E ratio of Fortis is 21.81, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.67. The P/E ratio of Fortis is 21.81, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 13.83. Fortis has a PEG Ratio of 3.54. PEG Ratios above 1 indicate that a company could be overvalued. Fortis has a P/B Ratio of 1.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Fortis (FTS) Moving Average Technical Analysis
5 day Moving Average is $44.64 And 5 day price change is unch (unch) with average volume for 5 day average is 262,040. While technical analysis for average 20 days shows significant difference, 20 day moving average is $44.94 and 20 day price change is -$1.46 (-3.18%) and average 20 day moving volume is 319,080. 50 day moving average is $45.48 and 50 day price change is -$0.84 ( -1.85%) and with average volume for 50 days is : 312,280. 200 day moving average is $43.77 and 200 day price change is $3.87 (9.52%) and with average volume for 200 days is : 362,235.
Other owners latest trading in Fortis :
- On 10/8/2021 shares held by Addenda Capital Inc. were 53,945 which equates to market value of $3.03M and appx 0.10% owners of Fortis
- On 10/8/2021 shares held by Veriti Management LLC were 6,154 which equates to market value of $0.27M and appx 0.00% owners of Fortis
- On 10/7/2021 shares held by Pacifica Partners Inc. were 8,046 which equates to market value of $0.36M and appx 0.30% owners of Fortis
- In total Institutional ownership equates to Institutional Ownership Percentage: 47.00% for Fortis
See More Analyst Rating at: RATING