Raymond James Financial Inc. started coverage on shares of Fortive Corp (NYSE:FTV) in a report published on Friday morning. The firm issued an outperform rating and a $58.00 target price on the stock.
A number of other equities analysts also recently commented on FTV. Credit Suisse Group AG reissued a buy rating on shares of Fortive Corp in a research report on Saturday, July 9th. Citigroup Inc. boosted their price objective on Fortive Corp from $51.00 to $52.00 and gave the stock a neutral rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. reissued a neutral rating on shares of Fortive Corp in a research report on Thursday, August 4th. William Blair reissued a market perform rating on shares of Fortive Corp in a research report on Thursday, July 7th. Finally, Sanford C. Bernstein began coverage on Fortive Corp in a research report on Friday, June 24th. They set an outperform rating for the company. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Fortive Corp presently has an average rating of Hold and a consensus price target of $53.22.
Fortive Corp (NYSE:FTV) opened at 51.61 on Friday. Fortive Corp has a 12-month low of $46.29 and a 12-month high of $54.34. The company has a market capitalization of $17.84 billion and a PE ratio of 20.87. The stock has a 50 day moving average of $51.76 and a 200-day moving average of $50.88.
Fortive Corp (NYSE:FTV) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. The company had revenue of $1.56 million for the quarter, compared to analyst estimates of $1.56 million. During the same period in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts expect that Fortive Corp will post $2.43 earnings per share for the current year.
The firm also recently declared a special dividend, which will be paid on Friday, September 30th. Investors of record on Friday, August 26th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 24th.
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