Fortis (TSE:FTS) Stock Rating Cut to “Hold” at Barclays

Fortis (TSE:FTS) was downgraded by Barclays from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks reports.

Other research analysts also recently issued reports about the stock. Raymond James Financial downgraded shares of Fortis from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$85.50 to C$86.50 in a research note on Wednesday. Canadian Imperial Bank of Commerce lowered their price target on Fortis from C$82.00 to C$78.00 in a report on Tuesday, September 22nd. National Bank Financial boosted their price objective on shares of Fortis from C$83.00 to C$84.00 and gave the company a “sector perform” rating in a research report on Wednesday. TD raised their target price on shares of Fortis from C$87.00 to C$90.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Desjardins increased their target price on Fortis from C$85.00 to C$90.00 and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$81.95.

Fortis Price Performance

FTS stock traded down C$0.88 during trading on Friday, reaching C$84.91. 2,514,880 shares of the company were exchanged, compared to its average volume of 1,612,690. The company has a market capitalization of C$43.80 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 3.01 and a beta of 0.49. The company has a debt-to-equity ratio of 146.51, a current ratio of 0.69 and a quick ratio of 0.36. The company has a 50-day moving average of C$77.61 and a two-hundred day moving average of C$77.89. Fortis has a twelve month low of C$69.06 and a twelve month high of C$86.35.

Fortis (TSE:FTS) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported C$0.92 earnings per share (EPS) for the quarter. Fortis had a net margin of 15.04% and a return on equity of 7.57%. The business had revenue of C$3.12 billion during the quarter. As a group, equities analysts predict that Fortis will post 3.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider James Reid sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of C$85.83, for a total transaction of C$2,145,750.00. Following the transaction, the insider directly owned 31,419 shares of the company’s stock, valued at approximately C$2,696,692.77. This trade represents a 44.31% decrease in their ownership of the stock. 0.04% of the stock is owned by corporate insiders.

Fortis Company Profile

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.