Analysts Offer Insights on Utilities Companies: Fortis (FTS), Callon (CPE) and Ovintiv (OVV)

Analysts fell to the sidelines weighing in on Fortis (FTS – Research Report), Callon (CPE – Research Report) and Ovintiv (OVV – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks. Fortis (FTS) RBC Capital analyst Maurice Choy maintained a Hold rating on Fortis on July 30 and set a price target of C$59.00. The company's shares closed last Friday at $45.34. According to TipRanks.com, Choy is a 4-star analyst with an average return of 23.9% and a 85.2% success rate. Choy covers the Utilities sector, focusing on stocks such as TransAlta, ATCO Ltd., and Emera. Currently, the analyst consensus on Fortis is a Hold with an average price target of $46.33, implying a 2.0% upside from current levels. In a report issued on July 18, J.P. Morgan also maintained a Hold rating on the stock with a C$58.00 price target. See today’s analyst top recommended stocks >> Callon (CPE) In a report issued on July 28, Scott Hanold from RBC Capital maintained a Hold rating on Callon, with a price target of $54.00. The company's shares closed last Friday at $39.36. According to TipRanks.com, Hanold is a 3-star analyst with an average return of 4.1% and a 42.4% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp. Callon has an analyst consensus of Hold, with a price target consensus of $52.43, implying a 31.6% upside from current levels. In a report issued on July 19, Citigroup also maintained a Hold rating on the stock with a $45.00 price target. Ovintiv (OVV) RBC Capital analyst Gregory Pardy maintained a Hold rating on Ovintiv on July 28 and set a price target of $36.00. The company's shares closed last Friday at $25.66. According to TipRanks.com, Pardy is a 4-star analyst with an average return of 8.8% and a 49.6% success rate. Pardy covers the Utilities sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Cenovus Energy. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ovintiv with a $40.12 average price target, which is a 55.0% upside from current levels. In a report issued on July 20, Raymond James also initiated coverage with a Hold rating on the stock with a $35.00 price target. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Read More on FTS: Analysts Are Neutral on These Healthcare Stocks: Seagen (SGEN), Crispr Therapeutics AG (CRSP) Wall Street Analysts Are Bullish on Top Technology Picks Analysts Conflicted on These Conglomerates Names: Norfolk Southern (NSC), IDEX (IEX) and Fortune Brands (FBHS) Analysts Offer Insights on Materials Companies: Sherwin-Williams Company (SHW), West Fraser Timber Co (WFG) and Enviva (EVA) Analysts Offer Insights on Financial Companies: S&P Global (SPGI), Mastercard (MA) and Camden Property (CPT) The post Analysts Offer Insights on Utilities Companies: Fortis (FTS), Callon (CPE) and Ovintiv (OVV) appeared first on TipRanks Financial Blog.

Analysts fell to the sidelines weighing in on Fortis (FTS – Research Report), Callon (CPE – Research Report) and Ovintiv (OVV – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Fortis (FTS)

RBC Capital analyst Maurice Choy maintained a Hold rating on Fortis on July 30 and set a price target of C$59.00. The company's shares closed last Friday at $45.34.

According to TipRanks.com, Choy is a 4-star analyst with an average return of 23.9% and a 85.2% success rate. Choy covers the Utilities sector, focusing on stocks such as TransAlta, ATCO Ltd., and Emera.

Currently, the analyst consensus on Fortis is a Hold with an average price target of $46.33, implying a 2.0% upside from current levels. In a report issued on July 18, J.P. Morgan also maintained a Hold rating on the stock with a C$58.00 price target.

Callon (CPE)

In a report issued on July 28, Scott Hanold from RBC Capital maintained a Hold rating on Callon, with a price target of $54.00. The company's shares closed last Friday at $39.36.

According to TipRanks.com, Hanold is a 3-star analyst with an average return of 4.1% and a 42.4% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

Callon has an analyst consensus of Hold, with a price target consensus of $52.43, implying a 31.6% upside from current levels. In a report issued on July 19, Citigroup also maintained a Hold rating on the stock with a $45.00 price target.

Ovintiv (OVV)

RBC Capital analyst Gregory Pardy maintained a Hold rating on Ovintiv on July 28 and set a price target of $36.00. The company's shares closed last Friday at $25.66.

According to TipRanks.com, Pardy is a 4-star analyst with an average return of 8.8% and a 49.6% success rate. Pardy covers the Utilities sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Cenovus Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ovintiv with a $40.12 average price target, which is a 55.0% upside from current levels. In a report issued on July 20, Raymond James also initiated coverage with a Hold rating on the stock with a $35.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on FTS:

  • Analysts Are Neutral on These Healthcare Stocks: Seagen (SGEN), Crispr Therapeutics AG (CRSP)
  • Wall Street Analysts Are Bullish on Top Technology Picks
  • Analysts Conflicted on These Conglomerates Names: Norfolk Southern (NSC), IDEX (IEX) and Fortune Brands (FBHS)
  • Analysts Offer Insights on Materials Companies: Sherwin-Williams Company (SHW), West Fraser Timber Co (WFG) and Enviva (EVA)
  • Analysts Offer Insights on Financial Companies: S&P Global (SPGI), Mastercard (MA) and Camden Property (CPT)

The post Analysts Offer Insights on Utilities Companies: Fortis (FTS), Callon (CPE) and Ovintiv (OVV) appeared first on TipRanks Financial Blog.

Source : Tip Ranks More   

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RBC Capital Maintains a Buy Rating on Resolute Forest (RFP)

RBC Capital analyst Paul Quinn maintained a Buy rating on Resolute Forest (RFP – Research Report) on July 30 and set a price target of $18.00. The company's shares closed last Friday at $11.94. According to TipRanks.com, Quinn is a 5-star analyst with an average return of 25.0% and a 63.1% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, International Paper Co, and West Fraser Timber Co. Currently, the analyst consensus on Resolute Forest is a Moderate Buy with an average price target of $16.33, which is a 34.7% upside from current levels. In a report issued on July 20, CIBC also maintained a Buy rating on the stock with a $14.00 price target. See today’s analyst top recommended stocks >> Based on Resolute Forest's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $873 million and net profit of $87 million. In comparison, last year the company earned revenue of $689 million and had a GAAP net loss of $1 million. Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RFP in relation to earlier this year. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Resolute Forest Products, Inc. provides forest products. It owns and operates pulp & paper mills, and wood products facilities located in the United States, Canada and South Korea. The company operates its business through the following segments: Newsprint, Specialty Papers, Tissue, Market Pulp and Wood Products. It also produces lumber and other wood products for the residential-construction and home-renovation markets, as well as for specialized structural and industrial applications. Resolute Forest Products was founded on January 25, 2007 and is headquartered in Montreal, Canada. Read More on RFP: Analysts Offer Insights on Utilities Companies: Fortis (FTS), Callon (CPE) and Ovintiv (OVV) Analysts Are Neutral on These Healthcare Stocks: Seagen (SGEN), Crispr Therapeutics AG (CRSP) Wall Street Analysts Are Bullish on Top Technology Picks Analysts Conflicted on These Conglomerates Names: Norfolk Southern (NSC), IDEX (IEX) and Fortune Brands (FBHS) Analysts Offer Insights on Materials Companies: Sherwin-Williams Company (SHW), West Fraser Timber Co (WFG) and Enviva (EVA) The post RBC Capital Maintains a Buy Rating on Resolute Forest (RFP) appeared first on TipRanks Financial Blog.

RBC Capital analyst Paul Quinn maintained a Buy rating on Resolute Forest (RFP – Research Report) on July 30 and set a price target of $18.00. The company's shares closed last Friday at $11.94.

According to TipRanks.com, Quinn is a 5-star analyst with an average return of 25.0% and a 63.1% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, International Paper Co, and West Fraser Timber Co.

Currently, the analyst consensus on Resolute Forest is a Moderate Buy with an average price target of $16.33, which is a 34.7% upside from current levels. In a report issued on July 20, CIBC also maintained a Buy rating on the stock with a $14.00 price target.

Based on Resolute Forest's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $873 million and net profit of $87 million. In comparison, last year the company earned revenue of $689 million and had a GAAP net loss of $1 million.

Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RFP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Resolute Forest Products, Inc. provides forest products. It owns and operates pulp & paper mills, and wood products facilities located in the United States, Canada and South Korea. The company operates its business through the following segments: Newsprint, Specialty Papers, Tissue, Market Pulp and Wood Products. It also produces lumber and other wood products for the residential-construction and home-renovation markets, as well as for specialized structural and industrial applications. Resolute Forest Products was founded on January 25, 2007 and is headquartered in Montreal, Canada.

Read More on RFP:

  • Analysts Offer Insights on Utilities Companies: Fortis (FTS), Callon (CPE) and Ovintiv (OVV)
  • Analysts Are Neutral on These Healthcare Stocks: Seagen (SGEN), Crispr Therapeutics AG (CRSP)
  • Wall Street Analysts Are Bullish on Top Technology Picks
  • Analysts Conflicted on These Conglomerates Names: Norfolk Southern (NSC), IDEX (IEX) and Fortune Brands (FBHS)
  • Analysts Offer Insights on Materials Companies: Sherwin-Williams Company (SHW), West Fraser Timber Co (WFG) and Enviva (EVA)

The post RBC Capital Maintains a Buy Rating on Resolute Forest (RFP) appeared first on TipRanks Financial Blog.

Source : Tip Ranks More   

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