Goldman Sachs Group Inc. assumed coverage on shares of Fortive Corp (NYSE:FTV) in a research note published on Wednesday. The brokerage issued a neutral rating and a $47.00 price objective on the stock.
Several other research firms have also issued reports on FTV. Raymond James Financial Inc. started coverage on shares of Fortive Corp in a report on Friday, September 23rd. They set an outperform rating and a $58.00 target price for the company. Argus started coverage on shares of Fortive Corp in a report on Thursday, September 8th. They set a hold rating for the company. Citigroup Inc. lifted their target price on shares of Fortive Corp from $51.00 to $52.00 and gave the company a neutral rating in a report on Thursday, August 4th. Barclays PLC reiterated a buy rating on shares of Fortive Corp in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Fortive Corp in a report on Thursday, August 4th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Fortive Corp has a consensus rating of Hold and an average target price of $52.60.
Fortive Corp (NYSE:FTV) opened at 51.72 on Wednesday. The company has a market capitalization of $17.87 billion and a price-to-earnings ratio of 20.91. The firm’s 50-day moving average price is $51.79 and its 200 day moving average price is $50.90. Fortive Corp has a one year low of $46.29 and a one year high of $54.34.
Fortive Corp (NYSE:FTV) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. The firm had revenue of $1.56 million for the quarter, compared to the consensus estimate of $1.56 million. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts expect that Fortive Corp will post $2.43 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, August 26th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 24th.
Receive News & Ratings for Fortive Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortive Corp and related companies with MarketBeat.com's FREE daily email newsletter.