Analysts at Raymond James Financial Inc. started coverage on shares of Fortive Corp (NYSE:FTV) in a research report issued on Friday. The brokerage set an “outperform” rating on the stock.
Other equities analysts have also recently issued reports about the stock. Cowen and Company began coverage on shares of Fortive Corp in a research note on Friday, July 1st. They set a “market perform” rating and a $46.00 target price for the company. Sanford C. Bernstein began coverage on shares of Fortive Corp in a research note on Friday, June 24th. They set an “outperform” rating for the company. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Fortive Corp in a research note on Saturday, July 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Fortive Corp in a research note on Thursday, August 4th. Finally, Barclays PLC reiterated a “buy” rating on shares of Fortive Corp in a research report on Thursday, August 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Fortive Corp presently has an average rating of “Hold” and an average price target of $52.63.
Fortive Corp (NYSE:FTV) opened at 51.64 on Friday. The stock has a market cap of $17.85 billion and a PE ratio of 20.88. The firm has a 50 day moving average of $51.67 and a 200-day moving average of $50.87. Fortive Corp has a 52-week low of $46.29 and a 52-week high of $54.34.
Fortive Corp (NYSE:FTV) last posted its earnings results 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 company had revenue of $1.56 million for the quarter, compared to analysts’ expectations of $1.56 million. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. Equities analysts anticipate that Fortive Corp will post $2.43 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Friday, September 30th. Stockholders 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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