Fortis (FTS) Stock Forecast, Price Target & Predictions
FTS Stock Forecast
Fortis stock forecast is as follows: an average price target of $50.86 (represents a 15.62% upside from FTS’s last price of $43.99) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.
FTS Price Target
The average price target for Fortis (FTS) is $50.86 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $61.00 to $46.95. This represents a potential 15.62% upside from FTS's last price of $43.99.
FTS Analyst Ratings
According to 13 Wall Street analysts, Fortis's rating consensus is 'Hold'. The analyst rating breakdown for FTS stock is 0 'Strong Buy' (0.00%), 4 'Buy' (30.77%), 8 'Hold' (61.54%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).
Fortis Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jan 19, 2022 | Richard Sunderland | J.P. Morgan | $46.95 | $46.06 | 1.93% | 6.73% |
| Aug 18, 2021 | Elias Foscolos | Industrial Alliance Securities | $48.54 | $44.92 | 8.06% | 10.34% |
| Aug 17, 2021 | Neil Kalton | Wells Fargo | $61.00 | $45.32 | 34.60% | 38.67% |
| Jul 30, 2021 | Patrick Kenny | National Bank | $46.95 | $44.12 | 6.41% | 6.73% |
The latest Fortis stock forecast, released on Jan 19, 2022 by Richard Sunderland from J.P. Morgan, set a price target of $46.95, which represents a 1.93% increase from the stock price at the time of the forecast ($46.06), and a 6.73% increase from FTS last price ($43.99).
Fortis Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $43.99 | $43.99 | $43.99 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Fortis stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Fortis's last price of $43.99. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 22, 2024 | CIBC | Neutral | Neutral | Hold |
| Sep 27, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 23, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| Aug 20, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Aug 01, 2024 | Raymond James | Outperform | Outperform | Hold |
| Aug 01, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Aug 01, 2024 | CIBC | Neutral | Neutral | Hold |
| Aug 01, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 01, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| May 02, 2024 | CIBC | Neutral | Neutral | Hold |
Fortis's last stock rating was published by CIBC on Oct 22, 2024. The company gave FTS a "Neutral" rating, the same as its previous rate.
Fortis Financial Forecast
Fortis Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $3.32B | $3.17B | $2.55B | $2.49B | $2.83B | $2.58B | $2.20B | $2.13B | $2.54B | $2.35B | $2.12B | $2.08B | $2.39B | $2.33B | $2.05B | $1.97B | $2.44B | $2.20B | $2.27B |
| Avg Forecast | $2.96B | $2.91B | $2.76B | $3.23B | $3.09B | $2.96B | $2.83B | $3.44B | $3.02B | $2.89B | $2.61B | $3.13B | $2.66B | $2.37B | $2.27B | $2.71B | $2.36B | $2.19B | $2.04B | $2.42B | $2.41B | $2.19B | $2.06B | $2.52B | $2.31B | $2.21B | $2.06B | $2.37B | $2.23B | $2.34B |
| High Forecast | $2.99B | $2.94B | $2.78B | $3.26B | $3.13B | $2.99B | $2.86B | $3.48B | $3.05B | $2.99B | $2.64B | $3.16B | $2.69B | $2.37B | $2.27B | $2.71B | $2.36B | $2.19B | $2.04B | $2.42B | $2.41B | $2.19B | $2.06B | $2.52B | $2.31B | $2.21B | $2.06B | $2.37B | $2.67B | $2.81B |
| Low Forecast | $2.93B | $2.88B | $2.73B | $3.20B | $3.06B | $2.93B | $2.80B | $3.41B | $2.99B | $2.80B | $2.59B | $3.10B | $2.63B | $2.37B | $2.27B | $2.71B | $2.36B | $2.19B | $2.04B | $2.42B | $2.41B | $2.19B | $2.06B | $2.52B | $2.31B | $2.21B | $2.06B | $2.37B | $1.78B | $1.87B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 14 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.19% | 1.08% | 1.10% | 1.05% | 1.09% | 1.00% | 1.04% | 1.05% | 0.98% | 0.97% | 1.01% | 0.95% | 1.01% | 0.93% | 0.96% | 1.03% | 0.99% | 0.97% |
Fortis's average Quarter revenue forecast for Jun 23 based on 1 analysts is $2.61B, with a low forecast of $2.59B, and a high forecast of $2.64B. FTS's average Quarter revenue forecast represents a -21.26% decrease compared to the company's last Quarter revenue of $3.32B (Mar 23).
Fortis EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 14 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $1.30B | $1.29B | $1.15B | $1.08B | $1.12B | $1.05B | $984.00M | $941.00M | $1.06B | $1.01B | $988.00M | $978.00M | $999.00M | $1.01B | $923.00M | $1.46B | $997.00M | $899.00M | $951.00M |
| Avg Forecast | $1.29B | $1.27B | $1.20B | $1.41B | $1.35B | $1.29B | $1.23B | $1.31B | $1.32B | $1.26B | $1.14B | $1.19B | $1.49B | $1.03B | $990.15M | $1.08B | $1.03B | $956.66M | $890.70M | $1.05B | $1.05B | $956.18M | $898.26M | $1.07B | $1.01B | $963.33M | $898.24M | $983.34M | $911.84M | $977.79M |
| High Forecast | $1.31B | $1.28B | $1.21B | $1.42B | $1.36B | $1.30B | $1.25B | $1.57B | $1.33B | $1.30B | $1.15B | $1.43B | $1.78B | $1.03B | $990.15M | $1.30B | $1.03B | $956.66M | $890.70M | $1.26B | $1.05B | $956.18M | $898.26M | $1.28B | $1.01B | $963.33M | $898.24M | $1.18B | $1.09B | $1.17B |
| Low Forecast | $1.28B | $1.26B | $1.19B | $1.40B | $1.34B | $1.28B | $1.22B | $1.05B | $1.30B | $1.22B | $1.13B | $950.40M | $1.19B | $1.03B | $990.15M | $864.00M | $1.03B | $956.66M | $890.70M | $840.79M | $1.05B | $956.18M | $898.26M | $853.94M | $1.01B | $963.33M | $898.24M | $786.67M | $729.47M | $782.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 0.87% | 1.11% | 1.09% | 1.04% | 1.02% | 1.03% | 1.06% | 1.01% | 0.96% | 1.03% | 1.09% | 0.94% | 1.01% | 0.96% | 1.63% | 1.01% | 0.99% | 0.97% |
1 analysts predict FTS's average Quarter EBITDA for Jun 23 to be $1.14B, with a high of $1.15B and a low of $1.13B. This is -12.19% lower than Fortis's previous annual EBITDA (Mar 23) of $1.30B.
Fortis Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 14 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $453.00M | $386.00M | $342.00M | $300.00M | $366.00M | $371.00M | $311.00M | $269.00M | $371.00M | $348.00M | $307.00M | $291.00M | $328.00M | $363.00M | $294.00M | $737.00M | $328.00M | $339.00M | $310.00M |
| Avg Forecast | $430.84M | $392.96M | $333.78M | $466.35M | $383.16M | $406.03M | $322.76M | $435.60M | $347.23M | $405.46M | $303.24M | $396.00M | $487.18M | $334.80M | $293.79M | $360.00M | $351.26M | $318.05M | $289.67M | $366.12M | $329.68M | $322.66M | $280.93M | $350.47M | $298.87M | $323.83M | $284.49M | $323.51M | $343.84M | $318.73M |
| High Forecast | $436.53M | $398.15M | $338.19M | $473.11M | $396.37M | $408.22M | $324.55M | $522.72M | $373.44M | $419.21M | $307.24M | $475.20M | $584.62M | $334.80M | $293.79M | $432.00M | $351.26M | $318.05M | $289.67M | $439.34M | $329.68M | $322.66M | $280.93M | $420.56M | $298.87M | $323.83M | $284.49M | $388.21M | $412.61M | $382.48M |
| Low Forecast | $425.15M | $387.77M | $329.37M | $452.83M | $369.95M | $403.84M | $320.96M | $348.48M | $327.58M | $364.23M | $299.23M | $316.80M | $389.74M | $334.80M | $293.79M | $288.00M | $351.26M | $318.05M | $289.67M | $292.89M | $329.68M | $322.66M | $280.93M | $280.37M | $298.87M | $323.83M | $284.49M | $258.81M | $275.07M | $254.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.14% | 0.79% | 1.02% | 1.02% | 1.02% | 1.06% | 0.98% | 0.93% | 1.01% | 1.06% | 0.95% | 1.04% | 0.94% | 1.21% | 0.91% | 2.59% | 1.01% | 0.99% | 0.97% |
Fortis's average Quarter net income forecast for Jun 23 is $303.24M, with a range of $299.23M to $307.24M. FTS's average Quarter net income forecast represents a -33.06% decrease compared to the company's last Quarter net income of $453.00M (Mar 23).
Fortis SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 14 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $13.74M | $13.51M | $12.78M | $14.98M | $14.36M | $13.71M | $13.12M | $15.97M | $14.00M | $13.43M | $12.13M | $14.52M | $12.34M | $11.00M | $10.53M | $12.55M | $10.95M | $10.17M | $9.47M | $11.21M | $11.16M | $10.16M | $9.55M | $11.67M | $10.70M | $10.24M | $9.55M | $11.00M | $10.34M | $10.86M |
| High Forecast | $13.88M | $13.64M | $12.91M | $15.13M | $14.50M | $13.85M | $13.26M | $16.13M | $14.14M | $13.85M | $12.25M | $14.66M | $12.46M | $11.00M | $10.53M | $12.55M | $10.95M | $10.17M | $9.47M | $11.21M | $11.16M | $10.16M | $9.55M | $11.67M | $10.70M | $10.24M | $9.55M | $11.00M | $12.41M | $13.03M |
| Low Forecast | $13.60M | $13.37M | $12.65M | $14.83M | $14.21M | $13.57M | $12.99M | $15.81M | $13.85M | $13.00M | $12.00M | $14.37M | $12.21M | $11.00M | $10.53M | $12.55M | $10.95M | $10.17M | $9.47M | $11.21M | $11.16M | $10.16M | $9.55M | $11.67M | $10.70M | $10.24M | $9.55M | $11.00M | $8.27M | $8.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Fortis's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to FTS last annual SG&A of $NaN (undefined).
Fortis EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 9 | 6 | 4 | 4 | 7 | 4 | 11 | 14 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.90 | $0.81 | $0.68 | $0.59 | $0.74 | $0.79 | $0.63 | $0.54 | $0.76 | $0.75 | $0.63 | $0.59 | $0.67 | $0.83 | $0.64 | $1.66 | $0.72 | $0.77 | $0.72 |
| Avg Forecast | $0.87 | $0.80 | $0.68 | $0.94 | $0.78 | $0.82 | $0.65 | $0.89 | $0.70 | $0.82 | $0.61 | $0.82 | $0.70 | $0.68 | $0.59 | $0.78 | $0.71 | $0.64 | $0.59 | $0.75 | $0.67 | $0.65 | $0.57 | $0.72 | $0.60 | $0.66 | $0.58 | $0.73 | $0.71 | $0.73 |
| High Forecast | $0.88 | $0.81 | $0.68 | $0.96 | $0.80 | $0.83 | $0.66 | $0.90 | $0.76 | $0.85 | $0.62 | $0.83 | $0.71 | $0.68 | $0.59 | $0.78 | $0.71 | $0.64 | $0.59 | $0.75 | $0.67 | $0.65 | $0.57 | $0.72 | $0.60 | $0.66 | $0.58 | $0.73 | $0.85 | $0.88 |
| Low Forecast | $0.86 | $0.78 | $0.67 | $0.92 | $0.75 | $0.82 | $0.65 | $0.88 | $0.66 | $0.74 | $0.61 | $0.81 | $0.69 | $0.68 | $0.59 | $0.78 | $0.71 | $0.64 | $0.59 | $0.75 | $0.67 | $0.65 | $0.57 | $0.72 | $0.60 | $0.66 | $0.58 | $0.73 | $0.57 | $0.58 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.16% | 1.00% | 0.99% | 0.95% | 1.11% | 0.98% | 0.92% | 1.01% | 1.13% | 0.96% | 1.04% | 0.92% | 1.37% | 0.98% | 2.88% | 0.99% | 1.08% | 0.99% |
According to 1 Wall Street analysts, Fortis's projected average Quarter EPS for Jun 23 is $0.61, with a low estimate of $0.61 and a high estimate of $0.62. This represents a -31.82% decrease compared to FTS previous annual EPS of $0.90 (Mar 23).
Fortis Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FTS | Fortis | $43.99 | $50.86 | 15.62% | Hold |
| FE | FirstEnergy | $41.22 | $46.80 | 13.54% | Hold |
| LNT | Alliant Energy | $60.14 | $63.38 | 5.39% | Buy |
| EIX | Edison | $82.18 | $84.78 | 3.16% | Hold |
| CNP | CenterPoint Energy | $30.41 | $31.00 | 1.94% | Hold |
| EVRG | Evergy | $63.38 | $64.25 | 1.37% | Buy |
| CMS | CMS Energy | $67.69 | $67.50 | -0.28% | Buy |
| AEE | Ameren | $91.39 | $90.08 | -1.43% | Buy |
| PEG | Public Service Enterprise Group | $87.01 | $81.29 | -6.57% | Buy |
| ETR | Entergy | $147.61 | $127.67 | -13.51% | Buy |
| PNW | Pinnacle West Capital | $91.22 | $75.89 | -16.81% | Buy |
| MGEE | MGE Energy | $108.16 | $71.00 | -34.36% | Sell |