In the last three months, 10 analysts have published ratings on Fortive FTV, offering a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 5 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 3 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $85.8, a high estimate of $95.00, and a low estimate of $77.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.48%.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Fortive among financial experts becomes clear with a thorough analysis 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 |
|---|---|---|---|---|---|
| Stephen Tusa | JP Morgan | Lowers | Overweight | $90.00 | $92.00 |
| Julian Mitchell | Barclays | Lowers | Overweight | $90.00 | $95.00 |
| Joseph O'Dea | Wells Fargo | Raises | Equal-Weight | $80.00 | $77.00 |
| Jamie Cook | Truist Securities | Raises | Buy | $90.00 | $89.00 |
| Andrew Kaplowitz | Citigroup | Lowers | Neutral | $86.00 | $92.00 |
| Shannon O'Callaghan | UBS | Announces | Neutral | $84.00 | - |
| Jamie Cook | Truist Securities | Lowers | Buy | $89.00 | $90.00 |
| Joseph O'Dea | Wells Fargo | Lowers | Equal-Weight | $77.00 | $82.00 |
| Deane Dray | RBC Capital | Lowers | Sector Perform | $77.00 | $85.00 |
| Julian Mitchell | Barclays | Lowers | Overweight | $95.00 | $98.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fortive. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Fortive compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Fortive's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Fortive's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Fortive analyst ratings.
Get to Know Fortive Better
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 Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Fortive's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 2.68%. This signifies 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 14.44%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.1%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.28%, the company may need to address challenges in generating 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 0.37.
The Basics 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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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