BMO Capital keeps CAD 81.00 target for Fortis stock

Published on 10/20/2026 at 21:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fortis reports third-quarter results on November 3, 2026. Fortis stock costs EUR 49.68 on October 20, 2026 at Lang & Schwarz.

BMO Capital keeps CAD 81.00 target

BMO Capital maintained a Hold rating and a CAD 81.00 target on October 16, 2026.
Fortis will publish third-quarter 2026 results and its 2027-2031 capital outlook on November 3, 2026.
Fortis stock costs EUR 49.68 at Lang & Schwarz on October 20, 2026 at 9:00 p.m. CEST.
Fortis had USD 28.5 billion in market capitalization and a 23.02 P/E ratio on October 20, 2026.

FTS, CA3495531079, Illustration mit AI erstellt.

Fortis (CA3495531079) has a CAD 81.00 price target from BMO Capital, which maintained its Hold rating on October 16, 2026, according to Markets Insider. The target stands 3.20 percent above the TSX price of CAD 78.49 at 3:01 p.m. ET on October 20, 2026. Fortis was trading at EUR 49.68 at Lang & Schwarz on October 20, 2026 at 9:00 p.m. CEST.

November 3 carries the next test

Fortis will release its third-quarter 2026 results and a new five-year capital outlook for 2027-2031 on November 3, 2026. The company scheduled an 8:30 a.m. ET conference for the same date, as stated in its Fortis Inc. release dated October 5, 2026.

Fortis reported USD 12.0 billion in revenue for fiscal year 2025 and total assets of USD 79.0 billion as of June 30, 2026. Its regulated utilities operate across Canada, the United States and the Caribbean, serving 3.5 million electricity and natural gas customers, according to the same release.

What does the target imply?

The BMO target is above the latest Canadian quotation, but the comparison is separate from the euro quotation used for German investors. Fortis says its 2026-2030 capital plan totals USD 28.8 billion and its annual dividend growth guidance through 2030 is 4.00 to 6.00 percent, according to the company's investor-relations page.

Price position and valuation

The NYSE quotation was USD 55.83 at 2:59 p.m. ET on October 20, 2026. The same market-data series puts Fortis's 52-week range at USD 49.60 to USD 59.40, with a market capitalization of USD 28.5 billion and a P/E ratio of 23.02.

Fortis's 2025 common equity earnings reached USD 1.714 billion, compared with USD 1.606 billion in 2024. Adjusted common equity earnings were USD 1.777 billion in fiscal year 2025 versus USD 1.626 billion in fiscal year 2024, while adjusted earnings per share rose to USD 3.53 from USD 3.28, according to the company's investor-relations page.

Market position for German investors

For German investors, the key distinction is currency: the Lang & Schwarz quotation is in euros, while Fortis reports in U.S. and Canadian dollars and lists its shares on the TSX and NYSE. The November 3 release date places the next company-specific information point within the coming two weeks.

Stock quotation

Fortis was trading at EUR 49.68 at Lang & Schwarz on October 20, 2026 at 9:00 p.m. CEST. The TSX quotation was CAD 78.49 at 3:01 p.m. ET on October 20, 2026.

The further course of trading is shown by the continuously updated real-time quote of Fortis stock.