News coverage about Fortis (NYSE:FTS) has trended very negative on Monday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Fortis earned a daily sentiment score of -3.80 on their scale. InfoTrie also assigned media coverage about the utilities provider an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Fortis’ ranking:
- TA, Warburg Pincus, ChrysCap shortlisted to buy stake in SRL – Economic Times (economictimes.indiatimes.com)
- IHH infusion into Fortis dubious, clandestine: SC – Economic Times (economictimes.indiatimes.com)
- Fortis B.C. puts finishing touches on new gas line that snarled Metro roads – The Province (theprovince.com)
- SC holds 6 Indiabulls directors guilty of contempt for transferring shares of Fortis Healthcare – Business Today (businesstoday.in)
- Fortis (NYSE:FTS) Earning Very Negative Press Coverage, InfoTrie Reports (americanbankingnews.com)
NYSE FTS opened at $40.61 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.56 and a quick ratio of 0.46. The firm has a market capitalization of $17.73 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 3.61 and a beta of 0.14. The company’s fifty day moving average is $41.52 and its two-hundred day moving average is $40.07. Fortis has a 52-week low of $31.80 and a 52-week high of $42.80.
The business also recently declared a — dividend, which will be paid on Sunday, December 1st. Shareholders of record on Tuesday, November 19th will be given a $0.3631 dividend. The ex-dividend date is Monday, November 18th. This represents a yield of 3.5%. Fortis’s dividend payout ratio is 70.68%.
A number of research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Fortis in a research note on Thursday, October 10th. They issued a “market perform” rating on the stock. Bank of America raised their target price on shares of Fortis from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. BMO Capital Markets lowered shares of Fortis from an “outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a research note on Wednesday, September 11th. Royal Bank of Canada reiterated a “buy” rating on shares of Fortis in a research note on Wednesday, August 21st. Finally, CIBC set a $57.00 target price on shares of Fortis and gave the company a “hold” rating in a research note on Sunday, November 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Fortis presently has an average rating of “Hold” and a consensus price target of $55.40.
Fortis Company Profile
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity.
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