Fortive Corp [NYSE: FTV] gained 1.55% on the last trading session, reaching $72.80 price per share at the time.
If compared to the average trading volume of 1.96M shares, FTV reached a trading volume of 5889966 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Fortive Corp [FTV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTV shares is $87.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTV stock is a recommendation set at 1.85. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Fortive Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on Sep-06-24. While these analysts kept the previous recommendation, TD Cowen raised their target price from $75 to $90. The new note on the price target was released on July 08, 2024, representing the official price target for Fortive Corp stock. Previously, the target price had yet another drop from $95 to $90, while JP Morgan kept a Neutral rating on FTV stock.
The Average True Range (ATR) for Fortive Corp is set at 1.48, with the Price to Sales ratio for FTV stock in the period of the last 12 months amounting to 4.14. The Price to Book ratio for the last quarter was 2.43, with the Price to Cash per share for the same quarter was set at 1.84. Price to Free Cash Flow for FTV in the course of the last twelve months was 19.53 with Quick ratio for the last quarter at 0.93.
Trading performance analysis for FTV stock
Fortive Corp [FTV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.33. With this latest performance, FTV shares gained by 7.49% in over the last four-week period, additionally sinking by -13.57% over the last 6 months – not to mention a drop of -5.94% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FTV stock in for the last two-week period is set at 53.38, with the RSI for the last a single of trading hit 54.15, and the three-weeks RSI is set at 51.86 for Fortive Corp [FTV]. The present Moving Average for the last 50 days of trading for this stock 72.29, while it was recorded at 73.08 for the last single week of trading, and 76.00 for the last 200 days.
Fortive Corp [FTV]: A deeper dive into fundamental analysis
Fortive Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.93 and a Current Ratio set at 1.21.
Fortive Corp [FTV]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Fortive Corp posted 0.85/share EPS, while the average EPS was predicted by analysts to be reported at 0.85/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FTV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fortive Corp go to 8.10%.
An analysis of Institutional ownership at Fortive Corp [FTV]
There are presently around $96.30%, or 96.62%% of FTV stock, in the hands of institutional investors. The top three institutional holders of FTV stocks are: VANGUARD GROUP INC with ownership of 39.1 million shares, which is approximately 11.1177%. T. ROWE PRICE INVESTMENT MANAGEMENT, INC., holding 32.24 million shares of the stock with an approximate value of $$2.39 billion in FTV stocks shares; and T. ROWE PRICE INVESTMENT MANAGEMENT, INC., currently with $$2.26 billion in FTV stock with ownership which is approximately 8.6687%.
