Fortis (FTS) Given Media Impact Rating of 0.14
Media headlines about Fortis (NYSE:FTS) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fortis earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 45.951865907678 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- National Bank Financial Comments on Fortis Inc.’s FY2019 Earnings (FTS) (americanbankingnews.com)
- UBS Group Upgrades Fortis (FTS) to “Outperform” (americanbankingnews.com)
- Fortis (FTS) Rating Increased to Outperform at Raymond James Financial (americanbankingnews.com)
- Fortis (FTS) Scheduled to Post Quarterly Earnings on Thursday (americanbankingnews.com)
Shares of Fortis (FTS) traded down $0.38 on Tuesday, reaching $32.31. 303,670 shares of the company’s stock were exchanged, compared to its average volume of 330,599. The company has a current ratio of 0.52, a quick ratio of 0.43 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $13,898.04, a PE ratio of 16.92, a P/E/G ratio of 2.96 and a beta of -1.44. Fortis has a one year low of $31.27 and a one year high of $38.24.
FTS has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Fortis from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Scotiabank reiterated a “buy” rating and issued a $51.00 price objective on shares of Fortis in a research note on Monday, December 4th. National Bank Financial cut shares of Fortis from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 29th. UBS Group upgraded shares of Fortis from a “market perform” rating to an “outperform” rating in a research note on Friday. Finally, Raymond James Financial upgraded shares of Fortis from a “market perform” rating to an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $42.33.
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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