Skip to main content
hello world

Fortis: Stocks Overvalued by Analyst Consensus on TSX (FTS)

AI-generated - The Globe and Mail - Sat Sep 14, 9:26PM CDT

Fortis Inc is among the group of overvalued stocks on the Toronto Stock Exchange. This means the consensus value for each stock on this list is below its current price.

This report is generated monthly. It provides the close price and target price for these companies along with the number of analysts covering the stock. Also included is the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year. Stocks in this category are generally sold to preserve capital.

There may be a number of reasons why a company would be on this list. Companies with a large analyst following with a difference in price versus target are worth exploring in more detail.

SymbolNameTarget YearClose PriceTarget Price MeanCurrencyTarget Price # Estimates
BNSBank of Nova Scotia202570.7270.1CAD10
CMCanadian Imperial Bank of Commerce202583.4981.4444CAD9
TRPTC Energy Corp202563.2762.625CAD8
FTSFortis Inc202561.8460.7143CAD7
HHydro One Ltd202547.6543CAD7
EMP-AEmpire Co Ltd202539.5739.4286CAD7
KEYKeyera Corp202541.0140.6667CAD6
CTCCanadian Tire Corp Ltd2025230.49163.125CAD8
LUGLundin Gold Inc202529.4328.5455CAD11
CPXCapital Power Corp202548.5545.7CAD10
CWBCanadian Western Bank202553.151.4714CAD7
SRU-UNSmartCentres Real Estate Investment Trust202527.3425.3571CAD7
CRT-UNCT Real Estate Investment Trust202516.2315.5CAD5
CRR-UNCrombie Real Estate Investment Trust202515.915.4375CAD8
ALSAltius Minerals Corp202526.7926CAD6
LBLaurentian Bank of Canada202526.626.125CAD8
HRXHeroux-Devtek Inc202531.6631.3333CAD3
AX-UNArtis Real Estate Investment Trust20258.017CAD1
APR-UNAutomotive Properties Real Estate Investment Trust202512.5612.4375CAD8
D-UNDream Office Real Estate Investment Trust202522.218.875CAD8
BTB-UNBTB Real Estate Investment Trust20253.563.325CAD4
FCD-UNFirm Capital Property Trust20255.795.25CAD1
TNT-UNTrue North Commercial REIT202513.0810.25CAD3
MR-UNMelcor Real Estate Investment Trust20254.813.25CAD2
SOT-UNSlate Office REIT20250.3650.15CAD3

All data provided as of September 13, 2024.

More about Fortis Inc

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.

Fortis Inc is listed under FTS on the Toronto Stock Exchange.

Artificial intelligence at Report on Business

Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.