In the past week, FTV stock has gone down by -1.86%, with a monthly decline of -0.42% and a quarterly surge of 7.76%. The volatility ratio for the week is 1.23%, and the volatility levels for the last 30 days are 1.46% for Fortive Corp The simple moving average for the past 20 days is -1.95% for FTV’s stock, with a -1.40% simple moving average for the past 200 days.
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 30.43x, 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.”
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The public float for FTV is 348.95M, and currently, short sellers hold a 1.01% ratio of that floaft. The average trading volume of FTV on October 23, 2024 was 2.32M shares.
FTV) stock’s latest price update
The stock of Fortive Corp (NYSE: FTV) has decreased by -1.63 when compared to last closing price of 77.12. Despite this, the company has experienced a -1.86% fall in its stock price over the last five trading sessions. zacks.com reported 2024-10-17 that Fortive (FTV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Analysts’ Opinion of FTV
Many brokerage firms have already submitted their reports for FTV stocks, with JP Morgan repeating the rating for FTV by listing it as a “Overweight.” The predicted price for FTV in the upcoming period, according to JP Morgan is $92 based on the research report published on October 10, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see FTV reach a price target of $90, previously predicting the price at $80. The rating they have provided for FTV stocks is “Outperform” according to the report published on September 06th, 2024.
Morgan Stanley gave a rating of “Overweight” to FTV, setting the target price at $89 in the report published on September 06th of the current year.
FTV Trading at 1.54% 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 -12.90% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.23%, as shares sank -1.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.02% upper at present.
During the last 5 trading sessions, FTV fell by -1.86%, which changed the moving average for the period of 200-days by +6.19% in comparison to the 20-day moving average, which settled at $77.37. In addition, Fortive Corp saw 3.03% 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 5.41. 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 mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
