Fortis Inc Stock Analysis

Fortis Stock Analysis Notes

About 58.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.5. Some equities with similar Price to Book (P/B) outperform the market in the long run. Fortis Inc last dividend was issued on the 18th of November 2024. The entity had 4:1 split on the 12th of October 2005. Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It also owns and operates approximately 90,200 circuit Kilometers of distribution lines and approximately 50,500 km of natural gas pipelines. FORTIS INC operates under UtilitiesRegulated Electric classification in Canada and is traded on Toronto Stock Exchange. It employs 9100 people. To learn more about Fortis Inc call Barry Perry at 709 737 2800 or check out https://www.fortisinc.com.

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Fortis Market Capitalization

The company currently falls under 'Large-Cap' category with a current market capitalization of 31.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortis's market, we take the total number of its shares issued and multiply it by Fortis's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Fortis Profitablity

The company has Profit Margin (PM) of 0.14 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.3 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.3.

Management Efficiency

Fortis Inc has return on total asset (ROA) of 0.0301 % which means that it generated a profit of $0.0301 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0754 %, meaning that it generated $0.0754 on every $100 dollars invested by stockholders. Fortis' management efficiency ratios could be used to measure how well Fortis manages its routine affairs as well as how well it operates its assets and liabilities. As of the 26th of November 2024, Return On Tangible Assets is likely to grow to 0.03. Also, Return On Capital Employed is likely to grow to 0.08. At this time, Fortis' Debt To Assets are very stable compared to the past year. As of the 26th of November 2024, Return On Assets is likely to grow to 0.03, while Non Currrent Assets Other are likely to drop about 323 M.

Technical Drivers

As of the 26th of November, Fortis shows the Mean Deviation of 0.5788, downside deviation of 0.7599, and Coefficient Of Variation of 729.29. Fortis Inc technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.

Fortis Inc Price Movement Analysis

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Fortis Predictive Daily Indicators

Fortis Forecast Models

Fortis' time-series forecasting models are one of many Fortis' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Fortis' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Fortis prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Fortis shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Fortis. By using and applying Fortis Stock analysis, traders can create a robust methodology for identifying Fortis entry and exit points for their positions.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 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. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.