Stock Price & Analysis

Based on the recent data and analysis, here's a concise assessment of FTS stock:

Technical Analysis

The stock shows a bullish momentum with RSI at 71.36 indicating slightly overbought conditions. Recent price action shows strong support at the $37.50 level with resistance around $38.50.

Recent Performance The stock has shown positive momentum following strong Q4 earnings reported on February 14, 2025, beating analyst expectations with adjusted EPS of $0.83 versus $0.58 expected. The stock closed at $44.88 on February 14, showing a +1.26% gain.

Key Catalysts

• Strong Q4 2024 performance with net earnings rising to $396 million
• Reaffirmed five-year $26 billion capital plan through 2029
• Upcoming dividend of $0.615 per share with ex-dividend date on February 18, 2025

Recommendation Based on technical indicators and recent fundamental strength, FTS appears to be a SELL at current levels. The stock is showing overbought conditions, and with the upcoming ex-dividend date, there could be some near-term price pressure.

Based on the provided data and recent earnings report, I'll analyze FTS's price prediction for 2025 in three concise sentences:

FTS stock is expected to reach $48.50 by end of 2025, driven by its strong Q4 2024 performance with adjusted EPS of $0.83 beating estimates by $0.25 and the company's reaffirmed five-year $26 billion capital plan through 2029. The technical indicators show strong support at $41.85 with resistance at $45.08, suggesting a bullish trend as the stock trades above all major moving averages with RSI at 71.36 indicating momentum. The 6.5% annual rate base growth target combined with steady 4-6% dividend growth guidance through 2029 provides fundamental support for this price target.

The S1 support level for FTS Stock is $43.17 ,The R1 resistant level for FTS Stock is $45.09.

As of the end of day on 2025-02-21, the price of FTS Stock was $44.1.

The target price for FTS Stock according to analyst rating is 45.10, with the highest price target at 47.22 and the lowest at 41.58. Analysts have a Hold rating on FTS Stock overall.

The market cap of FTS is $22.0B.

Based on the financial data and recent market trends, FTS appears to be slightly overvalued at its current price of $44.01. The stock's P/E ratio of 17.78x is higher than its historical average, while its price-to-sales ratio of 7.6x significantly exceeds its 5-year average of 5.3x. Technical indicators show overbought conditions with RSI-14 at 71.36 and Stochastic RSI at 97.72, suggesting potential near-term price correction. Despite showing improved financial performance with revenue growth of 4.3% and net income growth of 13.2% year-over-year, the current valuation multiples don't fully justify the modest growth rates. Wells Fargo recently maintained their Hold rating with a price target of C$63.00, indicating limited upside potential.

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utility businesses include ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC; UNS Energy Corporation, which includes Tucson Electric Power Company, UNS Electric, Inc. and UNS Gas, Inc., and CH Energy Group, Inc., which includes Central Hudson Gas & Electric Corporation. Its regulated utility businesses also include FortisBC Energy Inc.; FortisAlberta Inc.; FortisBC Inc., and Eastern Canadian and Caribbean utilities: Newfoundland Power Inc.; Maritime Electric Company, Limited; FortisOntario Inc.; FortisTCI Limited and Turks and Caicos Utilities Limited, and Belize Electricity Limited. ITC Holdings Corp. is the independent electricity transmission company.

Based on the provided data and recent earnings report, here's a price prediction for FTS stock by 2030:

Fortis stock is projected to reach $58-62 by 2030, driven by its confirmed $26 billion five-year capital plan through 2029 with 6.5% annual rate base growth. The company's strong Q4 2024 performance, beating earnings estimates by 43% ($0.83 vs $0.58), and consistent 4-6% annual dividend growth guidance demonstrate solid execution capability.

The technical analysis shows FTS is currently in an uptrend with strong support at $41.85 and resistance at $45.08, suggesting positive momentum. The RSI at 71.36 indicates slightly overbought conditions but remains supported by positive MACD divergence.

FTS has a total of 9598 employees.