(FTS) Fortis - Ratings and Ratios

Fortis Inc. is a diversified utility company with a significant presence in North America and the Caribbean, operating in the electric and gas utility sectors. The companys extensive service territory encompasses various regions, including southeastern Arizona, British Columbia, Alberta, Newfoundland and Labrador, Ontario, Prince Edward Island, Grand Cayman, and Turks and Caicos, providing essential services to a large customer base.

The companys diversified portfolio includes generation, transmission, and distribution of electricity, as well as the distribution of natural gas. With a combined generating capacity of over 4,000 MW, Fortis Inc. is well-positioned to meet the energy needs of its customers. The companys infrastructure includes a vast network of distribution lines and natural gas pipelines, spanning over 142,800 km.

From a technical analysis perspective, Fortis Inc.s stock price has been trending upward, with its 20-day SMA at $47.90, 50-day SMA at $47.05, and 200-day SMA at $43.87, indicating a strong bullish trend. The stocks current price is $48.43, with an ATR of 0.75, representing a 1.55% daily volatility. Given the current technical indicators and fundamental data, including a P/E ratio of 20.23 and a forward P/E of 19.61, it is likely that the stock will continue to appreciate in the near term.

Based on the available data, a forecast for Fortis Inc. is as follows: with a stable and predictable cash flow profile, driven by its diversified utility operations, the company is poised for continued growth. The expected growth in electricity demand, coupled with the companys significant investment in its infrastructure, is likely to drive the stock price higher. Assuming a continued upward trend in the stock price, a potential target price could be around $52.00, representing a 7% increase from the current price. However, this forecast is contingent on various factors, including the companys ability to execute its growth strategy and navigate regulatory environments.