Fortive Corp [FTV] stock prices are down -0.39% to $79.60 at the moment. 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 lost -2.74% over the last week, with a monthly amount drifted -0.98%, 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.
The stock price of Fortive Corp [FTV] has been fluctuating between $66.15 and $87.10 over the past year. Currently, Wall Street analysts expect the stock to reach $87.63 within the next 12 months. Fortive Corp [NYSE: FTV] shares were valued at $79.60 at the most recent close of the market. An investor can expect a potential return of 10.09% based on the average FTV price forecast.
Analyzing the FTV fundamentals
The Fortive Corp [NYSE:FTV] reported sales of 6.23B for trailing twelve months, representing a surge of 2.31%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.08. 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 79.15 points at the first support level, and at 78.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.45, and for the 2nd resistance point, it is at 81.31.
Ratios To Look Out For
It’s worth pointing out that Fortive Corp [NYSE:FTV]’s Current Ratio is 1.13. In addition, the Quick Ratio stands at 0.89 and the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 4.35, the price to book ratio is 2.67 and price to earnings (TTM) ratio is 33.71.
Transactions by insiders
Recent insider trading involved LICO JAMES A, President and CEO, that happened on Feb 24 ’25 when 0.2 million shares were sold. Officer, Walker Stacey A. completed a deal on Feb 26 ’25 to buy 5688.0 shares. Meanwhile, Officer LICO JAMES A bought 0.2 million shares on Feb 24 ’25.
