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Fortive Corporation (FTV)

NYSE - NYSE Delayed Price. Currency in USD
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68.84+1.72 (+2.56%)
At close: 4:03PM EST
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Momentum

Momentum

Previous Close67.12
Open67.62
Bid69.10 x 800
Ask69.19 x 1000
Day's Range66.98 - 70.00
52 Week Range31.22 - 74.25
Volume1,952,130
Avg. Volume2,103,240
Market Cap23.273B
Beta (5Y Monthly)1.22
PE Ratio (TTM)15.32
EPS (TTM)4.49
Earnings DateApr 28, 2021 - May 03, 2021
Forward Dividend & Yield0.28 (0.42%)
Ex-Dividend DateFeb 25, 2021
1y Target Est76.53
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-38% Est. Return
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  • Why This Fortive Analyst Is No Longer Bullish
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    Why This Fortive Analyst Is No Longer Bullish

    Fortive Corp (NYSE: FTV) is poised for continued recovery in its core business and earnings accretion from deals over the next 12 to 18 months, according to Morgan Stanley, which downgraded the stock on a valuation basis Wednesday. The Fortive Anlayst: Joshua Pokrzywinski downgraded Fortive from Overweight to Equal-Weight and maintained the price target at $75. The Fortive Thesis: Following a substantial rerating of the company’s stock, the risk-reward seems “more balanced,” Pokrzywinski said in the downgrade note. “The company's short-cycle markets are inflecting and posted solid upside in 4Q,” the analyst said, while expressing optimism around Fortive’s prospects over the next 12 to 18 months. “That said, we see less upside from multiple expansion due to derating of other premium peers, less differentiated medium-term revenue growth versus other cyclicals, and some risk that M&A is viewed as too expensive given a focus on premium/software assets,” he said. “As cyclical and thematic forces become better reflected elsewhere in industrials, we see FTV's through-the-cycle quality as coming back into focus.” FTV Price Action: Shares of Fortive were down 3.9% at $67.09 at last check. (Photo: Fortive) Latest Ratings for FTV DateFirmActionFromTo Feb 2021Morgan StanleyDowngradesOverweightEqual-Weight Feb 2021CitigroupMaintainsBuy Jan 2021Morgan StanleyMaintainsOverweight View More Analyst Ratings for FTV View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaDeutsche Bank Upgrades Albemarle On Lithium Earnings PotentialMorgan Stanley Upgrades Anaplan On Improving Demand, Execution Consistency© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.