Fortis Inc (FTS) Gets a Buy Rating from UBS

By Austin Angelo

UBS analyst Ross Fowler maintained a Buy rating on Fortis Inc (FTSResearch Report) today and set a price target of $62. The company’s shares closed last Monday at $42.14, close to its 52-week high of $42.62.

Fowler has an average return of 13.4% when recommending Fortis Inc.

According to TipRanks.com, Fowler is ranked #3197 out of 5540 analysts.

Fortis Inc has an analyst consensus of Moderate Buy, with a price target consensus of $42.78.

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Fortis Inc’s market cap is currently $18.52K and has a P/E ratio of 15.32. The company has a Price to Book ratio of 1.53.

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Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated.