Traders Buy Shares of Fortive Corp (FTV) on Weakness
Investors purchased shares of Fortive Corp (NYSE:FTV) on weakness during trading hours on Friday. $37.87 million flowed into the stock on the tick-up and $22.44 million flowed out of the stock on the tick-down, for a money net flow of $15.43 million into the stock. Of all equities tracked, Fortive Corp had the 22nd highest net in-flow for the day. Fortive Corp traded down ($0.84) for the day and closed at $49.40
A number of research firms recently issued reports on FTV. Credit Suisse Group AG reissued a “buy” rating on shares of Fortive Corp in a research report on Saturday, July 9th. William Blair restated a “market perform” rating on shares of Fortive Corp in a report on Thursday, July 7th. Sanford C. Bernstein initiated coverage on Fortive Corp in a report on Friday, June 24th. They issued an “outperform” rating for the company. Barclays PLC initiated coverage on Fortive Corp in a report on Wednesday, July 6th. They issued an “overweight” rating and a $55.00 price target for the company. Finally, Stifel Nicolaus initiated coverage on Fortive Corp in a report on Thursday, July 14th. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.17.
The company’s 50-day moving average is $0.00 and its 200-day moving average is $0.00.
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