The stock price of Fortive Corp (NYSE: FTV) has surged by 1.43 when compared to previous closing price of 76.18, but the company has seen a 3.40% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-23 that Building on the success of recent product launches and acquisitions, Accruent will preview its robust innovation pipeline to customers and prospects at its annual user conference. Building on the success of recent product launches and acquisitions, Accruent will preview its robust innovation pipeline to customers and prospects at its annual user conference.
Is It Worth Investing in Fortive Corp (NYSE: FTV) Right Now?
The price-to-earnings ratio for Fortive Corp (NYSE: FTV) is above average at 31.00x, Company’s 36-month beta value is 1.12.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 1 as “overweight,” 10 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for FTV is 348.96M, and currently, short sellers hold a 0.75% ratio of that floaft. The average trading volume of FTV on September 25, 2024 was 2.32M shares.
FTV’s Market Performance
The stock of Fortive Corp (FTV) has seen a 3.40% increase in the past week, with a 5.29% rise in the past month, and a 5.91% gain in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 1.89% for FTV. The simple moving average for the past 20 days is 4.83% for FTV’s stock, with a 1.20% simple moving average for the past 200 days.
Analysts’ Opinion of FTV
Many brokerage firms have already submitted their reports for FTV stocks, with Mizuho repeating the rating for FTV by listing it as a “Outperform.” The predicted price for FTV in the upcoming period, according to Mizuho is $90 based on the research report published on September 06, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see FTV reach a price target of $89. The rating they have provided for FTV stocks is “Overweight” according to the report published on September 06th, 2024.
FTV Trading at 6.64% from the 50-Day Moving Average
After a stumble in the market that brought FTV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.29% of loss for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +5.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.36% upper at present.
During the last 5 trading sessions, FTV rose by +3.40%, which changed the moving average for the period of 200-days by +12.51% in comparison to the 20-day moving average, which settled at $73.90. In addition, Fortive Corp saw 4.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FTV starting from McLaughlin Charles E, who sale 6,864 shares at the price of $74.03 back on Sep 13 ’24. After this action, McLaughlin Charles E now owns 73,391 shares of Fortive Corp, valued at $508,142 using the latest closing price.
Schwarz Jonathan L, the SVP – Corporate Development of Fortive Corp, sale 14,223 shares at $73.80 during a trade that took place back on Sep 13 ’24, which means that Schwarz Jonathan L is holding 68,161 shares at $1,049,657 based on the most recent closing price.
Stock Fundamentals for FTV
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.55 for the gross margin
The net margin for Fortive Corp stands at 0.16. The total capital return value is set at 0.07. Equity return is now at value 8.66, with 5.37 for asset returns.
Based on Fortive Corp (FTV), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 13.61.
Currently, EBITDA for the company is 1.59 billion with net debt to EBITDA at 2.16. When we switch over and look at the enterprise to sales, we see a ratio of 5.5. The receivables turnover for the company is 5.29for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
In a nutshell, Fortive Corp (FTV) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
