A share price of Fortive Corp [FTV] is currently trading at $80.18, down -0.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The FTV shares have lost -3.96% over the last week, with a monthly amount drifted -6.07%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Fortive Corp [NYSE: FTV] stock has seen the most recent analyst activity on April 17, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $90 from $95. Previously, Truist started tracking the stock with Buy rating on March 14, 2024, and set its price target to $99. On January 02, 2024, downgrade downgraded it’s rating to Hold. BofA Securities downgraded its rating to a Neutral but stick to its price target of $70 on October 26, 2023. Exane BNP Paribas initiated its recommendation with a Outperform and recommended $91 as its price target on October 05, 2023. Seaport Research Partners started tracking with a Buy rating for this stock on August 07, 2023, and assigned it a price target of $92. In a note dated March 27, 2023, Vertical Research upgraded an Buy rating on this stock but restated the target price of $74.
Fortive Corp experienced fluctuations in its stock price throughout the past year between $62.70 and $87.10. Currently, Wall Street analysts expect the stock to reach $82.38 within the next 12 months. Fortive Corp [NYSE: FTV] shares were valued at $80.18 at the most recent close of the market. An investor can expect a potential return of 2.74% based on the average FTV price forecast.
Analyzing the FTV fundamentals
Trailing Twelve Months sales for Fortive Corp [NYSE:FTV] were 6.07B which represents 3.52% growth. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 79.77 points at the first support level, and at 79.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.88, and for the 2nd resistance point, it is at 81.57.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fortive Corp [NYSE:FTV] is 2.02. On the other hand, the Quick Ratio is 1.72, and the Cash Ratio is 1.05. Considering the valuation of this stock, the price to sales ratio is 4.65, the price to book ratio is 2.73 and price to earnings (TTM) ratio is 32.93.
Transactions by insiders
Recent insider trading involved Walker Stacey A., SVP – Human Resources, that happened on Feb 29 ’24 when 842.0 shares were sold. SVP – Chief Financial Officer, McLaughlin Charles E completed a deal on Feb 28 ’24 to sell 40837.0 shares. Meanwhile, SVP – Human Resources Walker Stacey A. sold 9106.0 shares on Feb 28 ’24.
