Fortive Corp (FTV) concluded trading on Thursday at a closing price of $77.29, with 3.16 million shares of worth about $244.0 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.00% during that period and on September 19, 2024 the price saw a gain of about 2.09%. Currently the company’s common shares owned by public are about 350.70M shares, out of which, 348.96M shares are available for trading.
Stock saw a price change of 5.30% in past 5 days and over the past one month there was a price change of 9.77%. Year-to-date (YTD), FTV shares are showing a performance of 4.97% which increased to 2.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $63.05 but also hit the highest price of $87.10 during that period. The average intraday trading volume for Fortive Corp shares is 2.30 million. The stock is currently trading 5.69% above its 20-day simple moving average (SMA20), while that difference is up 6.83% for SMA50 and it goes to 1.38% higher than SMA200.
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Fortive Corp (NYSE: FTV) currently have 350.70M outstanding shares and institutions hold larger chunk of about 97.12% of that.
The stock has a current market capitalization of $27.08B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 31.01, while it has posted earnings per share of $2.49 in the same period. Its PEG reads 3.65 and has Quick Ratio of 0.93 while making debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FTV, volatility over the week remained 1.61% while standing at 1.91% over the month.
Stock’s fiscal year EPS is expected to rise by 11.25% while it is estimated to increase by 8.99% in next year. EPS is likely to grow at an annualized rate of 8.50% for next 5-years, compared to annual growth of -21.58% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on September 06, 2024 offering an Outperform rating for the stock and assigned a target price range of between $80 and $90 to it. Coverage by Morgan Stanley stated Fortive Corp (FTV) stock as an Overweight in their note to investors on September 06, 2024, suggesting a price target of $89 for the stock. Stock get a Buy rating from TD Cowen on July 08, 2024.
