Investors Buy Fortive Corp (FTV) on Weakness
Investors purchased shares of Fortive Corp (NYSE:FTV) on weakness during trading hours on Monday. $44.17 million flowed into the stock on the tick-up and $23.23 million flowed out of the stock on the tick-down, for a money net flow of $20.94 million into the stock. Of all equities tracked, Fortive Corp had the 21st highest net in-flow for the day. Fortive Corp traded down ($0.41) for the day and closed at $47.80
A number of brokerages recently weighed in on FTV. 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 price objective on the stock. Sanford C. Bernstein began coverage on shares of Fortive Corp in a research note on Friday, June 24th. They set an “outperform” rating on the stock. Credit Suisse Group AG restated a “buy” rating on shares of Fortive Corp in a research note on Saturday, July 9th. Robert W. Baird initiated coverage on shares of Fortive Corp in a research report on Friday, July 8th. They issued a “neutral” rating and a $52.00 price target on the stock. Finally, William Blair reiterated a “market perform” rating on shares of Fortive Corp in a research report on Thursday, July 7th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $52.57.
The stock has a 50 day moving average of $0.00 and a 200-day moving average of $0.00.
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