Traders Buy Fortive Corp (FTV) on Weakness
Traders 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 stocks 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
Several equities analysts have commented on the stock. Credit Suisse Group AG reissued a “buy” rating on shares of Fortive Corp in a research report on Saturday, July 9th. William Blair reissued a “market perform” rating on shares of Fortive Corp in a research report on Thursday, July 7th. Sanford C. Bernstein began coverage on Fortive Corp in a research report on Friday, June 24th. They issued an “outperform” rating on the stock. Barclays PLC began coverage on Fortive Corp in a research report on Wednesday, July 6th. They issued an “overweight” rating and a $55.00 price target on the stock. Finally, Stifel Nicolaus began coverage on Fortive Corp in a research report on Thursday, July 14th. They issued a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $52.17.
The firm’s 50 day moving average is $0.00 and its 200-day moving average is $0.00.
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