Fortive Corp [FTV] stock is trading at $76.19, up 1.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FTV shares have gain 2.56% over the last week, with a monthly amount drifted -1.44%, and not 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 November 13, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $84. Previously, JP Morgan upgraded its rating to Overweight on October 10, 2024, and elevated its price target to $92. On September 06, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $90 on the stock. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $89 on September 06, 2024. Wolfe Research downgraded its rating to a Peer Perform. Raymond James upgraded its rating to Outperform for this stock on September 05, 2024. In a note dated July 08, 2024, TD Cowen upgraded an Buy rating on this stock and boosted its target price from $75 to $90.
Fortive Corp [FTV] stock has fluctuated between $65.14 and $87.10 over the past year. Currently, Wall Street analysts expect the stock to reach $86.5 within the next 12 months. Fortive Corp [NYSE: FTV] shares were valued at $76.19 at the most recent close of the market. An investor can expect a potential return of 13.53% based on the average FTV price forecast.
Analyzing the FTV fundamentals
Fortive Corp [NYSE:FTV] reported sales of 6.20B for the trailing twelve months, which represents a growth of 2.68%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.17%, 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 0.08 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 0.37.
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 75.13 points at the first support level, and at 74.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.95, and for the 2nd resistance point, it is at 77.72.
Ratios To Look Out For
For context, Fortive Corp’s Current Ratio is 1.23. As well, the Quick Ratio is 0.96, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 4.27, the price to book ratio is 2.50 and price to earnings (TTM) ratio is 30.36.
Transactions by insiders
Recent insider trading involved Underwood Peter C, SVP – General Counsel, that happened on Nov 11 ’24 when 5000.0 shares were sold. Officer, Underwood Peter C completed a deal on Nov 11 ’24 to buy 5000.0 shares. Meanwhile, SVP – Human Resources Walker Stacey A. sold 0.17 million shares on Nov 01 ’24.
