RBC Capital Remains a Hold on Fortis (FTS)
In a report released on April 27, Maurice Choy from RBC Capital maintained a Hold rating on Fortis (FTS – Research Report), with a price target of C$69.00. The company's shares closed yesterday at $48.63.
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Choy covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Fortis, and TransAlta. According to TipRanks, Choy has an average return of 7.7% and a 59.50% success rate on recommended stocks.
In addition to RBC Capital, Fortis also received a Hold from Jefferies's Julien Dumoulin Smith in a report issued on April 14. However, on April 11, J.P. Morgan maintained a Sell rating on Fortis (NYSE: FTS).
FTS market cap is currently $24.33B and has a P/E ratio of 20.52.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FTS in relation to earlier this year.
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