FTS

Fortis Inc

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49.070

+0.01(0.020%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

49.185

Open

49.060

VWAP

49.02

Vol

438.51K

Mkt Cap

24.71B

Low

48.760

Amount

21.50M

EV/EBITDA(TTM)

13.37

Total Shares

493.00M

71.46B

EV/OCF(TTM)

16.51

P/S(TTM)

2.85

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utilities include ITC, UNS Energy, Central Hudson, FortisBC Energy Inc., FortisAlberta Inc., FortisBC Inc. and Other electric. The ITC includes 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 includes UNS Energy Corporation, which primarily includes Tucson Electric Power Company, UNS Electric, Inc. and UNS Gas, Inc. The Central Hudson includes CH Energy Group, Inc., which primarily includes Central Hudson Gas & Electric Corporation. Other Electric include Eastern Canadian and Caribbean utilities, as follows: Newfoundland Power Inc., Maritime Electric Company, Limited, FortisOntario Inc., and others.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

2.93B

-0.78%

0.631

+8.09%

2.80B

+1.16%

0.622

+1.69%

2.66B

-0.35%

0.502

+3.83%

Estimates Revision

The market is revising Upward the revenue expectations for Fortis Inc. (FTS) for FY2025, with the revenue forecasts being adjusted by 0.71% over the past three months. During the same period, the stock price has changed by 0.90%.

Revenue Estimates for FY2025

Revise Upward

+0.71%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+1.24%

In Past 3 Month

Stock Price

Go Up

+0.90%

In Past 3 Month

11 Analyst Rating

3.48% Upside

Wall Street analysts forecast FTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTS is 50.78 USD with a low forecast of 43.35 USD and a high forecast of 54.37 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

7 Hold

2 Sell

Hold

3.48% Upside

Current: 49.070

Low

43.35

Averages

50.78

High

54.37

3.48% Upside

Current: 49.070

Low

43.35

Averages

50.78

High

54.37

Raymond James

Market Perform -> Outperform

upgrade

$69

2025-07-22

New

Reason

Raymond James

Price Target

$69

2025-07-22

New

upgrade

Market Perform -> Outperform

Reason

Raymond James upgraded Fortis to Outperform from Market Perform with a C$69 price target. The firm expects generally mixed results for the regulated utilities within its coverage, the analyst tells investors in a research note. Raymond James says Fortis is executing on its $26B five-year capital plan, with targeted investments in transmission through ITC, resource transition initiatives in Arizona, and infrastructure to support customer growth across its diverse utility footprint, and its diversified North America footprint, solid 6+% rate base growth, and growth upside stemming from exposure to durable investment themes bode well for the company.

BofA

Underperform

maintain

$61 -> $64

2025-07-21

Reason

BofA

Price Target

$61 -> $64

2025-07-21

maintain

Underperform

Reason

BofA raised the firm's price target on Fortis to C$64 from C$61 and keeps an Underperform rating on the shares. The firm, which revised its price target to reflect updated valuation multiples and a more conservative outlook for the regulatory environment in Arizona and New York, expects Fortis to report Q2 operating EPS of C$0.68, slightly below consensus of C$0.70 per share.

CIBC

Neutral -> Outperformer

upgrade

$70

2025-07-21

Reason

CIBC

Price Target

$70

2025-07-21

upgrade

Neutral -> Outperformer

Reason

CIBC upgraded Fortis to Outperformer from Neutral with an unchanged price target of C$70. The firm cites valuation for the upgrade as it sees an attractive risk/reward at current share levels. Fortis offer earnings upside potential from pending rate case outcomes at Central Hudson and Tucson Electric Power, the analyst tells investors in a research note.

CIBC

Mark Jarvi

Neutral -> Outperformer

upgrade

$70

2025-07-18

Reason

CIBC

Mark Jarvi

Price Target

$70

2025-07-18

upgrade

Neutral -> Outperformer

Reason

CIBC analyst Mark Jarvi upgraded Fortis to Outperformer from Neutral with a C$70 price target.

TD Securities

Buy

initiated

$74

2025-06-27

Reason

TD Securities

Price Target

$74

2025-06-27

initiated

Buy

Reason

BofA

Ross Fowler

Underperform

downgrade

$49 -> $45

2025-06-27

Reason

BofA

Ross Fowler

Price Target

$49 -> $45

2025-06-27

downgrade

Underperform

Reason

BofA analyst Ross Fowler lowered the firm's price target on Fortis to $45 from $49 and keeps an Underperform rating on the shares. The firm is updating its price target for Fortis to reflect updated peer group P/E multiples and valuation metrics, the analyst tells investors.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Fortis Inc (FTS.N) is 19.60, compared to its 5-year average forward P/E of 18.82. For a more detailed relative valuation and DCF analysis to assess Fortis Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

18.82

Current PE

19.60

Overvalued PE

20.35

Undervalued PE

17.30

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

12.39

Current EV/EBITDA

12.18

Overvalued EV/EBITDA

13.39

Undervalued EV/EBITDA

11.39

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

2.51

Current PS

2.75

Overvalued PS

2.75

Undervalued PS

2.27