Fortis Inc (NYSE: FTS) is 9.14% higher on its value in year-to-date trading and has touched a low of $36.86 and a high of $46.06 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FTS stock was last observed hovering at around $44.70 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $44.89, the stock is 0.82% and 1.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 0.43% at the moment leaves the stock 7.86% off its SMA200. FTS registered 10.89% gain for a year compared to 6-month gain of 10.35%. The firm has a 50-day simple moving average (SMA 50) of $44.3336 and a 200-day simple moving average (SMA200) of $41.5937.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 1.84% loss in the last 1 month and extending the period to 3 months gives it a 0.67%, and is 0.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.67% over the week and 1.38% over the month.
Fortis Inc (FTS) has around 9600 employees, a market worth around $22.32B and $8.41B in sales. Current P/E ratio is 18.91 and Fwd P/E is 18.47. Profit margin for the company is 13.91%. Distance from 52-week low is 21.79% and -2.54% from its 52-week high. The company has generated returns on investments over the last 12 months (3.01%).
The EPS is expected to grow by 1.63% this year
548.0 institutions hold shares in Fortis Inc (FTS), with institutional investors hold 57.74% of the company’s shares. The shares outstanding are 497.30M, and float is at 496.73M with Short Float at 1.45%. Institutions hold 57.72% of the Float.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 29.96 million shares valued at $1.16 billion. The investor’s holdings represent 6.0937 of the FTS Shares outstanding. As of 2024-06-30, the second largest holder is BANK OF MONTREAL /CAN/ with 26.39 million shares valued at $1.06 billion to account for 5.3673 of the shares outstanding. The other top investors are FIL LTD which holds 21.98 million shares representing 4.471 and valued at over $854.25 million, while VANGUARD GROUP INC holds 4.2183 of the shares totaling 20.74 million with a market value of $805.43 million.
