|Bid||0.00 x 1000|
|Ask||41.09 x 800|
|Day's Range||40.63 - 41.15|
|52 Week Range||28.59 - 44.72|
|Beta (5Y Monthly)||0.06|
|PE Ratio (TTM)||23.81|
|Forward Dividend & Yield||1.52 (3.70%)|
|Ex-Dividend Date||Nov 17, 2020|
|1y Target Est||44.98|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Fortis Inc. Toronto, October 15, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Fortis Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service, ("Moody's") today affirmed the ratings of Central Hudson Gas & Electric Corporation (CHG&E), including its A3 issuer rating and changed the outlook to negative from stable. "The negative outlook reflects the current weakness in Central Hudson's financial metrics including an 18% cash flow from operations pre-working capital (CFO/pre-W/C) to debt ratio over the last 12 months ending June 30, 2020", said Gavin MacFarlane, Vice President/Senior Credit Officer. Depending on the outcome of the company's recent rate case filing (1) with the New York Public Service Commission, financial metrics could deteriorate further and remain below that level for many years.
Does the October share price for Fortis Inc. (TSE:FTS) reflect what it's really worth? Today, we will estimate the...