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 $48.18, up 1.15% from the previous day, and has increased 28% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.03 percentage points. Fortis stock is currently +26.29% from its 52-week low of $38.15, and -0.4% from its 52-week high of $48.38.
There are currently 499.3M shares of FTS outstanding. The market cap of FTS is $24.06B. In the past 24 hours, 668,501 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
Based on our analysis, eToro is the best place to buy stocks. eToro gives you:
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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 21.41x, relative to Utilities - Regulated Electric industry P/E ratio of 20.64x
- FTS may be undervalued based on its P/B ratio of 1.46x, relative to Utilities - Regulated Electric industry P/B ratio of 1.92x
- FTS may be overvalued based on its PEG ratio of 4.27x
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 13.1% to 14% in the past year.
Negative Health Checks:
- FTS has a relatively high debt to equity ratio of 2.
- There are more long-term liabilities than short-term assets on the FTS balance sheet.
- FTS has $152.78M in cash and short term investments. This is not sufficient to cover its annual cash burn of $854.17M.
- There are more short-term liabilities than short-term assets on the FTS balance sheet.
- FTS has cash burn of 854166666. 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.
You can dig deeper into what analysts are projecting on the Fortis stock forecast page.
FTS Technical Indicators
FTS Performance Metrics
Last year, FTS earnings were $1.12B. During the last five year, FTS's earnings have grown by -4.9% per year. This was slower than the Utilities - Regulated Electric industry average of 3.12%.
Last year, FTS revenue was $7.99B. Over the past 5 year, FTS's revenue has increased by 3.57% per year. This was faster than the Utilities - Regulated Electric industry average of 3.48%.
Dig into FTS's earnings and revenue performance here.
What are FTS executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at FTS have not bought or sold any shares.
Dig into more about who owns FTS stock here.
Can I get consistent income from FTS stock?
No, Fortis doesn't provide an income stream by paying out dividends.
FTS Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your FTS buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you require more assistance investing in 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 company.
Make a watchlist to get alerted to the latest events about your FTS stock.
FTS Feed
How to Buy Stock in Fortis
To summarize, 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 brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Fortis, add FTS to your watchlist below.
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