Ratings for Fortive FTV were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 7 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 4 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 2 | 2 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $86.77, a high estimate of $96.00, and a low estimate of $75.00. Observing a downward trend, the current average is 0.47% lower than the prior average price target of $87.18.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Fortive among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Julian Mitchell | Barclays | Raises | Overweight | $96.00 | $94.00 |
| Brett Linzey | Mizuho | Raises | Outperform | $90.00 | $80.00 |
| Chris Snyder | Morgan Stanley | Announces | Overweight | $89.00 | - |
| Julian Mitchell | Barclays | Raises | Overweight | $94.00 | $91.00 |
| Deane Dray | RBC Capital | Maintains | Sector Perform | $77.00 | $77.00 |
| Brian Gesuale | Raymond James | Announces | Outperform | $85.00 | - |
| Deane Dray | RBC Capital | Lowers | Sector Perform | $77.00 | $83.00 |
| Jamie Cook | Truist Securities | Lowers | Buy | $82.00 | $89.00 |
| Julian Mitchell | Barclays | Lowers | Overweight | $91.00 | $93.00 |
| Julian Mitchell | Barclays | Lowers | Overweight | $93.00 | $97.00 |
| Joseph O'Dea | Wells Fargo | Lowers | Equal-Weight | $75.00 | $84.00 |
| Joseph Giordano | TD Cowen | Raises | Buy | $90.00 | $75.00 |
| Jamie Cook | Truist Securities | Lowers | Buy | $89.00 | $96.00 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fortive compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Fortive's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
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.
All You Need to Know About Fortive
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 $6.1 billion in revenue in 2023.
Fortive: A Financial Overview
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Fortive's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 1.7%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Fortive's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 12.57%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Fortive's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.86%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Fortive's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.12%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.36.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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