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RBC Capital Reaffirms Their Hold Rating on Fortive (FTV)

RBC Capital analyst Deane Dray maintained a Hold rating on Fortive (FTVResearch Report) on March 14 and set a price target of $61.00. The company’s shares closed last Tuesday at $56.99, close to its 52-week low of $56.06.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 9.7% and a 51.5% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortive with a $81.27 average price target, implying a 41.8% upside from current levels. In a report issued on March 3, Cowen & Co. also maintained a Hold rating on the stock with a $80.00 price target.

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The company has a one-year high of $79.87 and a one-year low of $56.06. Currently, Fortive has an average volume of 3.01M.

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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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