In a report issued on February 4, Julian Mitchell from Barclays maintained a Hold rating on Fortive (FTV – Research Report), with a price target of $75.00. The company’s shares closed last Friday at $64.39, close to its 52-week low of $63.04.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 15.1% and a 64.9% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International.
Currently, the analyst consensus on Fortive is a Moderate Buy with an average price target of $82.60, a 26.8% upside from current levels. In a report issued on February 4, RBC Capital also maintained a Hold rating on the stock with a $73.00 price target.
The company has a one-year high of $79.87 and a one-year low of $63.04. Currently, Fortive has an average volume of 2.13M.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FTV in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Incorporated in 2015 and headquartered in Washington, Fortive Corp. is a diversified industrial growth company. The company is engaged in the design, development, manufacturing, and marketing of professional and engineered products, software, and services for a variety of end markets. It operates through the Professional Instrumentation and Industrial Technologies segments.
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