| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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In the latest quarter, 10 analysts provided ratings for Fortive (NYSE:FTV), showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 6 | 0 | 0 |
| Last 30D | 0 | 0 | 2 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 3 | 0 | 0 |
Analysts have set 12-month price targets for Fortive, revealing an average target of $88.6, a high estimate of $101.00, and a low estimate of $80.00. This current average has increased by 4.1% from the previous average price target of $85.11.
A clear picture of Fortive's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Deane Dray | RBC Capital | Lowers | Sector Perform | $83.00 | $93.00 |
| Joseph O'Dea | Wells Fargo | Lowers | Equal-Weight | $84.00 | $92.00 |
| Stephen Tusa | JP Morgan | Lowers | Neutral | $90.00 | $95.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $101.00 | $90.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $97.00 | $89.00 |
| Jamie Cook | Truist Securities | Announces | Buy | $99.00 | - |
| Deane Dray | RBC Capital | Raises | Sector Perform | $80.00 | $75.00 |
| Brett Linzey | Mizuho | Raises | Neutral | $80.00 | $70.00 |
| Stephen Tusa | JP Morgan | Raises | Overweight | $87.00 | $83.00 |
| Joseph O'Dea | Wells Fargo | Raises | Equal-Weight | $85.00 | $79.00 |
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Fortive's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Fortive analyst ratings.
Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $6.1 billion in revenue in 2023.
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining Fortive's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.52% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Fortive's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.75% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Fortive's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.6%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Fortive's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.63%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Fortive's debt-to-equity ratio is below the industry average at 0.37, reflecting a lower dependency on debt financing and a more conservative financial approach.
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: FTV
