Fortive Corp (NYSE: FTV) has a higher price-to-earnings ratio of 29.69x compared to its average ratio, The 36-month beta value for FTV is at 1.13. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 7 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for FTV is 345.55M, and currently, shorts hold a 0.88% of that float. The average trading volume for FTV on November 20, 2024 was 2.56M shares.
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FTV) stock’s latest price update
Fortive Corp (NYSE: FTV)’s stock price has plunge by -0.15relation to previous closing price of 74.61. Nevertheless, the company has seen a -0.73% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-11-08 that EVERETT, Wash.–(BUSINESS WIRE)–Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that President and Chief Executive Officer, James A. Lico, will be presenting at the Baird 2024 Global Industrial Conference on Wednesday, November 13th, 2024 at 3:55 p.m. ET (12:55 p.m. PT). The audio will be simultaneously webcast and will be archived on www.fortive.com. ABOUT FORTIVE Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-mark.
FTV’s Market Performance
Fortive Corp (FTV) has seen a -0.73% fall in stock performance for the week, with a -3.40% decline in the past month and a 2.91% surge in the past quarter. The volatility ratio for the week is 1.48%, and the volatility levels for the past 30 days are at 1.69% for FTV. The simple moving average for the past 20 days is 0.46% for FTV’s stock, with a -3.12% simple moving average for the past 200 days.
Analysts’ Opinion of FTV
UBS, on the other hand, stated in their research note that they expect to see FTV reach a price target of $84. The rating they have provided for FTV stocks is “Neutral” according to the report published on November 13th, 2024.
JP Morgan gave a rating of “Overweight” to FTV, setting the target price at $92 in the report published on October 10th of the current year.
FTV Trading at -1.49% 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 -14.47% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.48%, as shares sank -1.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.31% upper at present.
During the last 5 trading sessions, FTV fell by -0.73%, which changed the moving average for the period of 200-days by -9.46% in comparison to the 20-day moving average, which settled at $74.16. In addition, Fortive Corp saw 1.18% 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 LICO JAMES A, who proposed sale 80,000 shares at the price of $74.84 back on Nov 15 ’24. After this action, LICO JAMES A now owns shares of Fortive Corp, valued at $5,986,880 using the latest closing price.
Underwood Peter C, the SVP – General Counsel of Fortive Corp, sale 5,000 shares at $76.58 during a trade that took place back on Nov 11 ’24, which means that Underwood Peter C is holding 48,346 shares at $382,900 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 8.62, with 5.37 for asset returns.
Based on Fortive Corp (FTV), the company’s capital structure generated 0.27 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 0.37. The interest coverage ratio of the stock is 7.74.
Currently, EBITDA for the company is 1.59 billion with net debt to EBITDA at 1.86. When we switch over and look at the enterprise to sales, we see a ratio of 5.2. The receivables turnover for the company is 6.09for 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 1.23.
Conclusion
In conclusion, Fortive Corp (FTV) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
