Fortive Corp [FTV] stock is trading at $77.24, up 0.55%. 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 0.65% over the last week, with a monthly amount glided 6.52%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fortive Corp [NYSE: FTV] stock has seen the most recent analyst activity on October 10, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $92 from $90. Previously, Mizuho upgraded its rating to Outperform on September 06, 2024, and elevated its price target to $90. On September 06, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $89 on the stock. Wolfe Research downgraded its rating to a Peer Perform. Raymond James upgraded its rating to a Outperform. TD Cowen upgraded its rating to Buy for this stock on July 08, 2024, and upped its price target to $90. In a note dated April 17, 2024, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $95 to $90.
Fortive Corp [FTV] stock has fluctuated between $63.05 and $87.10 over the past year. Currently, Wall Street analysts expect the stock to reach $86.63 within the next 12 months. Fortive Corp [NYSE: FTV] shares were valued at $77.24 at the most recent close of the market. An investor can expect a potential return of 12.16% based on the average FTV price forecast.
Analyzing the FTV fundamentals
Fortive Corp [NYSE:FTV] reported sales of 6.16B for the trailing twelve months, which represents a growth of 1.70%. 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 76.83 points at the first support level, and at 76.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.66, and for the 2nd resistance point, it is at 78.07.
Ratios To Look Out For
For context, Fortive Corp’s Current Ratio is 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 4.40, the price to book ratio is 2.58 and price to earnings (TTM) ratio is 30.99.
Transactions by insiders
Recent insider trading involved McLaughlin Charles E, SVP – Chief Financial Officer, that happened on Sep 13 ’24 when 6864.0 shares were sold. SVP – Corporate Development, Schwarz Jonathan L completed a deal on Sep 13 ’24 to sell 14223.0 shares. Meanwhile, Officer Schwarz Jonathan L bought 14223.0 shares on Sep 13 ’24.
