Fortis Inc Stock Buy Hold or Sell Recommendation
| FTS Stock | CAD 64.51 0.21 0.32% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Fortis Inc is 'Strong Buy'. The recommendation algorithm takes into account all of Fortis' available fundamental, technical, and predictive indicators you will find on this site.
Check out Fortis Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Fortis and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Fortis |
Execute Fortis Buy or Sell Advice
The Fortis recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Fortis Inc. Macroaxis does not own or have any residual interests in Fortis Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Fortis' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Fortis Trading Alerts and Improvement Suggestions
| Fortis Inc has accumulated 2.09 B in total debt with debt to equity ratio (D/E) of 1.24, which is about average as compared to similar companies. Fortis Inc has a current ratio of 0.63, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Fortis until it has trouble settling it off, either with new capital or with free cash flow. So, Fortis' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortis Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortis to invest in growth at high rates of return. When we think about Fortis' use of debt, we should always consider it together with cash and equity. | |
| About 56.0% of Fortis shares are owned by institutional investors |
Fortis Returns Distribution Density
The distribution of Fortis' historical returns is an attempt to chart the uncertainty of Fortis' future price movements. The chart of the probability distribution of Fortis daily returns describes the distribution of returns around its average expected value. We use Fortis Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Fortis returns is essential to provide solid investment advice for Fortis.
| Mean Return | 0.14 | Value At Risk | -1.61 | Potential Upside | 1.76 | Standard Deviation | 1.02 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Fortis historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Fortis Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Fortis or Electric Utilities sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Fortis' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Fortis stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | 0.13 | |
σ | Overall volatility | 1.02 | |
Ir | Information ratio | 0.23 |
Fortis Volatility Alert
Fortis Inc has low volatility with Treynor Ratio of 0.97, Maximum Drawdown of 4.27 and kurtosis of 0.18. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Fortis' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Fortis' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Fortis Fundamentals Vs Peers
Comparing Fortis' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Fortis' direct or indirect competition across all of the common fundamentals between Fortis and the related equities. This way, we can detect undervalued stocks with similar characteristics as Fortis or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Fortis' fundamental indicators could also be used in its relative valuation, which is a method of valuing Fortis by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Fortis to competition |
| Fundamentals | Fortis | Peer Average |
| Return On Equity | 0.0743 | -0.31 |
| Return On Asset | 0.0302 | -0.14 |
| Profit Margin | 0.15 % | (1.27) % |
| Operating Margin | 0.30 % | (5.51) % |
| Current Valuation | 67.42 B | 16.62 B |
| Shares Outstanding | 499.3 M | 571.82 M |
| Shares Owned By Insiders | 0.11 % | 10.09 % |
| Shares Owned By Institutions | 56.12 % | 39.21 % |
| Number Of Shares Shorted | 8 M | 4.71 M |
| Price To Earning | 20.80 X | 28.72 X |
| Price To Book | 1.46 X | 9.51 X |
| Price To Sales | 2.80 X | 11.42 X |
| Revenue | 11.51 B | 9.43 B |
| Gross Profit | 5.22 B | 27.38 B |
| EBITDA | 5.29 B | 3.9 B |
| Net Income | 1.68 B | 570.98 M |
| Cash And Equivalents | 209 M | 2.7 B |
| Cash Per Share | 0.71 X | 5.01 X |
| Total Debt | 2.09 B | 5.32 B |
| Debt To Equity | 1.24 % | 48.70 % |
| Current Ratio | 0.64 X | 2.16 X |
| Book Value Per Share | 44.43 X | 1.93 K |
| Cash Flow From Operations | 3.88 B | 971.22 M |
| Short Ratio | 3.40 X | 4.00 X |
| Earnings Per Share | 3.24 X | 3.12 X |
| Price To Earnings To Growth | 2.79 X | 4.89 X |
| Target Price | 62.7 | |
| Number Of Employees | 9.85 K | 18.84 K |
| Beta | 0.24 | -0.15 |
| Market Capitalization | 32.21 B | 19.03 B |
| Total Asset | 73.49 B | 29.47 B |
| Retained Earnings | 4.52 B | 9.33 B |
| Working Capital | (2.24 B) | 1.48 B |
Fortis Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Fortis . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Fortis Buy or Sell Advice
When is the right time to buy or sell Fortis Inc? Buying financial instruments such as Fortis Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Fortis Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .