Fortis (FTS) Receives Daily News Sentiment Score of 0.12
Headlines about Fortis (NYSE:FTS) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fortis earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.1838524610408 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Fortis from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. Scotiabank reissued a “buy” rating and issued a $51.00 target price on shares of Fortis in a report on Monday, December 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Fortis presently has a consensus rating of “Hold” and an average target price of $42.33.
Fortis (NYSE FTS) traded down $0.16 during trading on Tuesday, reaching $36.04. 159,500 shares of the company traded hands, compared to its average volume of 188,686. The stock has a market cap of $15,118.78, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 3.33 and a beta of -1.70. Fortis has a one year low of $30.33 and a one year high of $38.24. The company has a quick ratio of 0.43, a current ratio of 0.52 and a debt-to-equity ratio of 1.31.
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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 420,000 retail customers in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail customers in Arizonas Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts (MW) comprising 54 MW of solar capacity.
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