FTS Should I Buy
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Fortis Inc (FTS) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has shown consistent financial growth and has received some positive analyst attention, the technical indicators and trading sentiment suggest a neutral to slightly bearish short-term outlook. Additionally, there are no strong proprietary trading signals or significant positive catalysts to justify immediate action.
The MACD is negative and expanding, indicating bearish momentum. RSI is at 26.689, which is neutral but nearing oversold territory. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), but the stock is trading below key pivot levels, with support at 56.321 and resistance at 57.448. The regular market change of -2.35% suggests recent weakness.
The company reported solid Q4 financials with YoY increases in revenue (4.41%), net income (6.57%), and EPS (5.06%). Analysts have raised price targets recently, indicating confidence in the company's growth prospects.
The MACD and RSI suggest bearish momentum. No significant trading trends from hedge funds or insiders. The gross margin dropped by 1.33% YoY, and there is no recent news or congress trading data to act as a catalyst.
In Q4 2025, Fortis reported revenue of $3.079 billion (up 4.41% YoY), net income of $422 million (up 6.57% YoY), and EPS of $0.83 (up 5.06% YoY). However, gross margin decreased slightly to 55.51% (down 1.33% YoY).
Analysts have raised price targets recently, with TD Securities increasing to C$83 and RBC Capital to C$80. However, ratings are mixed, with some analysts maintaining 'Sector Perform' or 'Underperform' ratings, reflecting a cautious outlook.
