Fortive Corporation (NYSE:FTV) shares traded 1.06% up during most recent session to reach at the closing price of $81.36. The stock exchanged hands 1.01 Million shares versus average trading capacity of 1.38 Million shares, yielding a market cap of $27.14 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $85.92 within the next 52-weeks. The mean target projections are based on 13 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Fortive Corporation (NYSE:FTV) high price target of $99 and with a conservative view have low price target of $75.
“Initiates Coverage On” Fortive Corporation (NYSE:FTV) in a research note issued to investors on 5/15/19 to Buy with price target of $96.
Additionally on 5/08/19 “Downgrades” Fortive Corporation (NYSE:FTV) to Equal-Weight and on 4/26/19 “Maintained” the stock to Outperform at $99. Furthermore on 4/03/19 “Maintained” the stock to Overweight at $88.
On the other hand the company has Relative Strength Index (RSI 14) of 35.95 along with Average True Range (ATR 14) of 1.55, Consequently Fortive Corporation (NYSE:FTV)’s weekly and monthly volatility is 1.83%, 1.57% respectively. The company’s beta value is at 0.
In terms of Buy, Sell or Hold recommendations, Fortive Corporation (NYSE:FTV) has analysts’ mean recommendation of 2.4. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Fortive Corporation (NYSE:FTV)’s minimum EPS for the current quarter is at $0.87 and can go high up to $0.99. The consensus mean EPS for the current quarter is at $0.9 derived from a total of 14 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.76 earnings per share for the same quarter during last year.
Previously Fortive Corporation (NYSE:FTV) reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69 by $0. The company posted an earnings surprise of 0%.
Fortive Corporation (NYSE:FTV)’s revenue estimates for the current quarter are $1.93 Billion according to 11 number of analysts, for the current quarter the company has high revenue estimates of $1.96 Billion in contradiction of low revenue estimates of $1.9 Billion. For the current year the company’s revenue estimates are $7.48 Billion compared to low analyst estimates of $7.33 Billion and high estimates of $7.57 Billion according to 12 number of analysts.
Currently Fortive Corporation (NYSE:FTV)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 87.6%. However the six-month change in the insider ownership was recorded -2.85%, as well as three-month change in the institutional ownership was recorded -0.35%.
Fortive Corporation (NYSE:FTV)’s trailing twelve month revenues are $6.3 Billion, whereas its price to sales ratio for the same period is 4.3. Its book value per share for the most recent quarter is $20.44 while its price to book ratio for the same period is 3.98, as for as the company’s cash per share for the most recent quarter is $11.18, however its price to cash per share ratio for the same period is 7.28. The stock has 5 year expected PEG ratio of 2.85 whereas its trailing twelve month P/E ratio is 37.49.