Uncover the latest analyst ratings for Fortive FTV and their implications:

Gain insights into the future projections for Fortive by 7 analysts over the next 12 months. The anticipated average price target is $74.86, with a high estimate of $90.00 and a low estimate of $66.00.

Explore a summary of how these 7 analysts have rated Fortive in the last 3 months. More bullish ratings indicate a positive sentiment, while more bearish ratings signify a negative outlook.

This current average has decreased by 1.72% from the previous average price target of $76.17.

Decoding Analyst Ratings: A Detailed Look

Explore the sentiments of financial experts and analysts through a comprehensive breakdown of their recent evaluations for Fortive. Our Ratings Table below offers a detailed overview of the actions taken by key analysts, their current ratings, and price targets. Understanding how these experts perceive the company can provide valuable insights into potential market trends and investor sentiment.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Fortive. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fortive compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Fortive's stock. This examination reveals shifts in analysts' expectations over time.

Capture valuable insights into Fortive's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Fortive analyst ratings.

Delving into Fortive's Background

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 $5.8 billion in revenue and $1.4 billion in adjusted operating income in 2022.

Fortive: Financial Performance Dissected

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Revenue Growth: Over the 3 months period, Fortive showcased positive performance, achieving a revenue growth rate of 2.64% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, 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 14.59% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): Fortive's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.18%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Fortive's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.39%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: Fortive's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.27.

Understanding the Relevance of Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.