Traders Buy Shares of Fortive Corp (FTV) on Weakness
Investors purchased shares of Fortive Corp (NYSE:FTV) on weakness during trading hours on Friday. $106.42 million flowed into the stock on the tick-up and $27.42 million flowed out of the stock on the tick-down, for a money net flow of $79.00 million into the stock. Of all companies tracked, Fortive Corp had the 11th highest net in-flow for the day. Fortive Corp traded down ($0.44) for the day and closed at $48.21
A number of equities research analysts have issued reports on the stock. Bank of America Corp. assumed coverage on shares of Fortive Corp in a report on Tuesday. They set a “buy” rating and a $55.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of Fortive Corp in a report on Thursday, July 14th. They set a “hold” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of Fortive Corp in a report on Tuesday, July 12th. They issued a “neutral” rating and a $48.00 price objective on the stock. Credit Suisse Group AG restated a “buy” rating on shares of Fortive Corp in a report on Saturday, July 9th. Finally, Robert W. Baird initiated coverage on shares of Fortive Corp in a report on Friday, July 8th. They issued a “neutral” rating and a $52.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.57.
The company’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00.
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