On June 27, 2025, TD Securities analyst John Mould initiated coverage on Fortis (FTS, Financial) with a "Buy" rating. This marks the beginning of TD Securities providing analysis and insights on Fortis, a notable player in the utilities sector.
According to the report, TD Securities set a target price of CAD 74.00 for Fortis (FTS, Financial). This price target aligns with John Mould's positive outlook for the company's future performance.
As part of its initial coverage, TD Securities has not provided any prior price targets or ratings for Fortis (FTS, Financial). The initiation of this coverage indicates a strategic interest in the company's market activities and growth potential.
Investors and market participants may find this coverage initiation by TD Securities significant, as it could influence Fortis's (FTS, Financial) stock performance and attract attention from the investment community.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Fortis Inc (FTS, Financial) is $46.36 with a high estimate of $48.30 and a low estimate of $45.28. The average target implies an downside of 1.64% from the current price of $47.13. More detailed estimate data can be found on the Fortis Inc (FTS) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Fortis Inc's (FTS, Financial) average brokerage recommendation is currently 3.2, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fortis Inc (FTS, Financial) in one year is $46.83, suggesting a downside of 0.64% from the current price of $47.13. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fortis Inc (FTS) Summary page.
