At the time of writing, Fortive Corp [FTV] stock is trading at $76.75, up 0.13%. 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 2.33% over the last week, with a monthly amount drifted -2.71%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Fortive Corp [NYSE: FTV] stock has seen the most recent analyst activity on December 09, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $86 from $92. Previously, Argus downgraded its rating to Hold on November 18, 2024. On November 13, 2024, UBS initiated with a Neutral rating and assigned a price target of $84 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $92 on October 10, 2024. Mizuho upgraded its rating to a Outperform and raised its price target to $90 on September 06, 2024. Morgan Stanley started tracking with a Overweight rating for this stock on September 06, 2024, and assigned it a price target of $89. In a note dated September 06, 2024, Wolfe Research downgraded an Peer Perform rating on this stock.
For the past year, the stock price of Fortive Corp fluctuated between $66.15 and $87.10. Currently, Wall Street analysts expect the stock to reach $86.6 within the next 12 months. Fortive Corp [NYSE: FTV] shares were valued at $76.75 at the most recent close of the market. An investor can expect a potential return of 12.83% based on the average FTV price forecast.
Analyzing the FTV fundamentals
According to Fortive Corp [NYSE:FTV], the company’s sales were 6.20B for trailing twelve months, which represents an 2.68% 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 0.17%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
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 75.83 points at the first support level, and at 74.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.37, and for the 2nd resistance point, it is at 77.99.
Ratios To Look Out For
It is important to note that Fortive Corp [NYSE:FTV] has a current ratio of 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 4.30, the price to book ratio is 2.52 and price to earnings (TTM) ratio is 30.58.
Transactions by insiders
Recent insider trading involved LICO JAMES A, Officer, that happened on Nov 15 ’24 when 80000.0 shares were purchased. SVP – General Counsel, Underwood Peter C completed a deal on Nov 11 ’24 to sell 5000.0 shares. Meanwhile, Officer Underwood Peter C bought 5000.0 shares on Nov 11 ’24.
