Fortive (NYSE:FTV) had its price target upped by investment analysts at Citigroup from $76.00 to $79.00 in a report released on Friday. The firm currently has a “neutral” rating on the technology company’s stock. Citigroup’s price objective would suggest a potential upside of 14.26% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Fortive from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Wednesday, January 3rd. Royal Bank of Canada restated a “hold” rating and issued a $79.00 price objective on shares of Fortive in a research report on Thursday, January 4th. SunTrust Banks restated a “buy” rating and issued a $81.00 price objective on shares of Fortive in a research report on Friday, October 27th. Argus upgraded shares of Fortive from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, BMO Capital Markets started coverage on shares of Fortive in a research report on Wednesday, November 15th. They issued an “outperform” rating and a $82.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $73.80.

Shares of Fortive (FTV) opened at $69.14 on Friday. Fortive has a 52 week low of $56.16 and a 52 week high of $76.68. The stock has a market capitalization of $24,916.51, a PE ratio of 26.09, a P/E/G ratio of 2.20 and a beta of 0.51. The company has a quick ratio of 1.54, a current ratio of 1.95 and a debt-to-equity ratio of 1.06.

Fortive (NYSE:FTV) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. Fortive had a return on equity of 31.67% and a net margin of 14.39%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. equities analysts anticipate that Fortive will post 2.85 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new stake in shares of Fortive during the fourth quarter valued at approximately $107,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Fortive during the third quarter valued at approximately $135,000. Willingdon Wealth Management purchased a new stake in shares of Fortive during the third quarter valued at approximately $143,000. Westwood Holdings Group Inc. purchased a new stake in shares of Fortive during the second quarter valued at approximately $139,000. Finally, BB&T Investment Services Inc. purchased a new stake in shares of Fortive during the second quarter valued at approximately $157,000. 78.96% of the stock is owned by hedge funds and other institutional investors.

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Fortive Company Profile

Fortive Corporation is a diversified industrial growth company. The Company designs, develops, manufactures and markets professional and engineered products, software and services for a range of end markets. The Company operates through two segments: Professional Instrumentation and Industrial Technologies.

Analyst Recommendations for Fortive (NYSE:FTV)

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