TSX:FTSElectric Utilities
Is Fortis (TSX:FTS) Offering A Compelling Entry Point After Strong Multi Year Returns
If you are wondering whether Fortis at around $72.91 is offering fair value or a potential opportunity, it helps to break the story down into what the current price is really implying.
Over the last week the stock returned 0.6%, over 30 days 3.2%, year to date 2.3%, while the 1 year return sits at 23.0%, 3 year at 50.2% and 5 year at 69.2%, which gives you a sense of how sentiment around Fortis has evolved over different time frames.
Recent coverage around Fortis has focused on it as a...