(FTS) Fortis - Ratings and Ratios

Fortis Inc. is a diversified utility company with a presence in Canada, the United States, and the Caribbean, serving a vast customer base across various regions. The companys extensive operations include generating, transmitting, and distributing electricity to over 1.2 million customers, as well as distributing natural gas to approximately 100,000 customers in British Columbia. With a significant presence in the energy sector, Fortis Inc. has a substantial infrastructure, comprising around 91,100 circuit kilometers of distribution lines and 51,700 kilometers of natural gas pipelines.

The companys diversified portfolio includes a mix of electricity generation sources, such as gas-fired, hydroelectric, and other facilities, with a combined capacity of over 4,000 megawatts. Fortis Inc. also provides operation, maintenance, and management services to hydroelectric generating facilities, further expanding its reach in the energy sector. With a history dating back to 1885, the company has established itself as a reliable and stable player in the utility industry.

From a technical analysis perspective, Fortis Inc.s stock has shown a positive trend, with its 20-day simple moving average (SMA) at $66.26 and its 50-day SMA at $65.57, indicating a potential upward momentum. The stocks average true range (ATR) is $0.99, representing a 1.48% volatility. Given the current price of $66.74 and the 52-week high of $68.19, we can expect the stock to continue its upward trajectory, potentially reaching $70.00 in the near term, driven by its strong fundamentals and favorable technical indicators.

Fundamentally, Fortis Inc. appears to be a stable and profitable company, with a market capitalization of $33.6 billion CAD and a price-to-earnings ratio of 20.02. The companys forward P/E ratio is 19.61, indicating a relatively stable outlook. With a return on equity (RoE) of 7.40%, Fortis Inc. demonstrates a decent ability to generate profits for its shareholders. Based on the current fundamental and technical data, we forecast that Fortis Inc.s stock will continue to perform well, potentially reaching a price target of $72.00 within the next 12-18 months, driven by its stable cash flows, diversified portfolio, and favorable industry trends.