Fortive Corp (FTV) concluded trading on Wednesday at a closing price of $72.09, with 3.72 million shares of worth about $267.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.44% during that period and on October 30, 2024 the price saw a loss of about -3.36%. Currently the company’s common shares owned by public are about 350.70M shares, out of which, 348.95M shares are available for trading.
Stock saw a price change of -4.53% in past 5 days and over the past one month there was a price change of -7.10%. Year-to-date (YTD), FTV shares are showing a performance of -2.09% which increased to 10.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $64.28 but also hit the highest price of $87.10 during that period. The average intraday trading volume for Fortive Corp shares is 2.33 million. The stock is currently trading -5.55% below its 20-day simple moving average (SMA20), while that difference is down -4.25% for SMA50 and it goes to -6.40% lower than SMA200.
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Fortive Corp (NYSE: FTV) currently have 350.70M outstanding shares and institutions hold larger chunk of about 96.75% of that.
The stock has a current market capitalization of $25.26B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 28.92, while it has posted earnings per share of $2.49 in the same period. Its PEG reads 3.22 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 1.86% while standing at 1.49% over the month.
Stock’s fiscal year EPS is expected to rise by 11.56% while it is estimated to increase by 9.11% in next year. EPS is likely to grow at an annualized rate of 8.98% 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 JP Morgan on October 10, 2024 offering an Overweight rating for the stock and assigned a target price range of between $90 and $92 to it. Coverage by Mizuho stated Fortive Corp (FTV) stock as an Outperform in their note to investors on September 06, 2024, suggesting a price target of $90 for the stock. Stock get an Outperform rating from Raymond James on September 05, 2024.
