At the time of writing, Fortive Corp [FTV] stock is trading at $70.46, down -1.93%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FTV shares have gain 0.67% over the last week, with a monthly amount drifted -2.54%, 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 July 08, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $90 from $75. Previously, JP Morgan downgraded its rating to Neutral on April 17, 2024, and dropped its price target to $90. On March 14, 2024, Truist initiated with a Buy rating and assigned a price target of $99 on the stock. Vertical Research downgraded its rating to a Hold. BofA Securities downgraded its rating to a Neutral but $70 remained the price target by the analyst firm on October 26, 2023. Exane BNP Paribas started tracking with a Outperform rating for this stock on October 05, 2023, and assigned it a price target of $91. In a note dated August 07, 2023, Seaport Research Partners initiated an Buy rating and provided a target price of $92 on this stock.
For the past year, the stock price of Fortive Corp fluctuated between $63.05 and $87.10. Currently, Wall Street analysts expect the stock to reach $84.53 within the next 12 months. Fortive Corp [NYSE: FTV] shares were valued at $70.46 at the most recent close of the market. An investor can expect a potential return of 19.97% based on the average FTV price forecast.
Analyzing the FTV fundamentals
According to Fortive Corp [NYSE:FTV], the company’s sales were 6.16B for trailing twelve months, which represents an 1.70% jump. Gross Profit Margin for this corporation currently stands at 0.55% 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 69.53 points at the first support level, and at 68.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.85, and for the 2nd resistance point, it is at 73.25.
Ratios To Look Out For
It is important to note that Fortive Corp [NYSE:FTV] has a current ratio of 1.21. In addition, the Quick Ratio stands at 0.93 and the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 4.01, the price to book ratio is 2.35 and price to earnings (TTM) ratio is 28.27.
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.
