How to Buy Fortis Stock
Fortis Inc
Fortis is a regulated electric utility company located in Newfoundland, Canada, which is part of the Utilities sector, and is traded under the ticker FTS on the NYSE exchange.
Fortis stock last closed at $48.16, up 0.35% from the previous day, and has increased 22.48% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.01 percentage points. Fortis stock is currently +26.24% from its 52-week low of $38.15, and -3.8% from its 52-week high of $50.06.
There are currently 501.6M shares of FTS outstanding. The market cap of FTS is $24.16B. In the past 24 hours, 529,000 FTS shares were traded.
How to Buy Fortis Stock
Not sure how to invest in Fortis stock? Here's how.
- Choose where to buy Fortis stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Fortis stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Choose your payment method and add your info.
- Evaluate Fortis stock: The Fortis ticker symbol is FTS. Is Fortis stock a good investment? Should you buy shares of FTS? How do FTS's underlying business fundamentals look? Do top analysts think Fortis is a good buy? Why has FTS's stock price moved recently? (Hint: Our stock market analysis website can help you decide if FTS is a good stock to buy).
- Make your FTS buy order: Decide if you will purchase FTS shares at the current market price or use a limit order to purchase FTS shares at a specific price.
- Get updates on your FTS position: Create a watchlist to important notifications about your investment in Fortis stock.
Step 1: Choose where to buy Fortis stock
You need an online brokerage account in order to access the NYSE market and buy FTS stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal info so you can buy FTS today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've opened your account on our top ranked stock app, you need to deposit funds:
Check out the tutorial below for more details transferring funds into your investment account.
Step 4: Evaluate Fortis stock
After you have identified the best place to buy Fortis stock, it's crucial to analyze their stock prior to investing, so you actually wrap your head around the risk as well as the upside.
Fortis stock quick numbers
FTS Overview
WallStreetZen was created to help average investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on FTS's stock page.
Is FTS stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge FTS's fair value.
Using relative valuations metrics:
- FTS may be overvalued based on its P/E ratio of 20.08x, relative to Utilities - Regulated Electric industry P/E ratio of 19.07x
- FTS may be undervalued based on its P/B ratio of 1.38x, relative to Utilities - Regulated Electric industry P/B ratio of 1.84x
- FTS may be overvalued based on its PEG ratio of 4.7x
You can access additional valuation research on FTS's stock here.
How do FTS Financials look?
Positive Health Checks:
- FTS profit margin has gone up from 13.5% to 14% in the past year.
Negative Health Checks:
- FTS has a relatively high debt to equity ratio of 2.01.
- There are more long-term liabilities than short-term assets on the FTS balance sheet.
- FTS has $369.57M in cash and short term investments. This is not sufficient to cover its annual cash burn of $778.26M.
- There are more short-term liabilities than short-term assets on the FTS balance sheet.
- FTS has cash burn of 778260869. It does not have enough cash and short-term investments to cover this.
- Total FTS debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy FTS stock
Out of 1 Wall Street analysts who give ratings on FTS, the consensus analyst rating on FTS is a Hold
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Fortis stock forecast page.
FTS Trading Indicators
How is FTS performing as a company?
Last year, FTS earnings were $1.19B. During the last five year, FTS's earnings have gone up by -2.27% per year. This was slower than the Utilities - Regulated Electric industry average of 12.87%.
Last year, FTS revenue was $8.50B. During the past five year, FTS's revenue has gone up by 6.21% per year. This was faster than the Utilities - Regulated Electric industry average of 4.51%.
Learn more about FTS's earnings and revenue performance here.
What are FTS insiders up to?
In the last year, insiders at FTS have not bought or sold any shares.
Dig into more about who owns FTS stock here.
Can I rely on FTS as an income stream?
No, Fortis doesn't provide an income stream by paying out dividends.
What do other traders have to say about FTS?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your FTS buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price limit, place a limit order.
Click the Open button and eToro will place your order.
If you need additional help with buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your FTS position
Now that you own some FTS stock, you'll want to keep up with your new investment.
Add FTS to a watchlist to track the most important metrics related to your FTS stock.
FTS Feed
How to Buy Stock in Fortis
To reiterate, here are the 6 steps to buy Fortis stock:
- Choose where to buy Fortis stock
- Open a brokerage account
- Put funds into your investment account
- Evaluate Fortis stock
- Make your FTS buy order
- Get updates on your FTS position
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your new investment in Fortis, get started below.
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