Stock Rating Upgrade
In the last week the Value Trend Rating for Fortis Inc (NYSE: FTS) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Fortis Inc (NYSE: FTS) stock declined modestly by -1.0% on 12/15/23. The stock closed at $41.01. Moreover, exceptionally high trading volume at 224% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FTS is expected to continue to be a Value Builder.
Fortis has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Fortis has a good Appreciation Score of 80 but a neutral Power Rating of 50, triggering the Positive Value Trend Rating.
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