Ratings for Fortive FTV were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 3 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Fortive, presenting an average target of $88.0, a high estimate of $99.00, and a low estimate of $80.00. This upward trend is apparent, with the current average reflecting a 11.11% increase from the previous average price target of $79.20.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Fortive among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Julian Mitchell | Barclays | Raises | Overweight | $97.00 | $89.00 |
| Jamie Cook | Truist Securities | Announces | Buy | $99.00 | - |
| Deane Dray | RBC Capital | Raises | Sector Perform | $80.00 | $75.00 |
| Brett Linzey | Mizuho | Raises | Neutral | $80.00 | $70.00 |
| Stephen Tusa | JP Morgan | Raises | Overweight | $87.00 | $83.00 |
| Joseph O'Dea | Wells Fargo | Raises | Equal-Weight | $85.00 | $79.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Fortive. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fortive compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Fortive's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Fortive's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Fortive analyst ratings.
Get to Know Fortive Better
Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $6.1 billion in revenue in 2023.
Fortive's Economic Impact: An Analysis
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Fortive's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 3.52%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Fortive's net margin is impressive, surpassing industry averages. With a net margin of 16.75%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Fortive's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.6%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Fortive's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.63%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.37.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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