Ratings for Fortive (NYSE:FTV) were provided by 11 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 4 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 2 | 0 | 0 |
| 3M Ago | 1 | 2 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Fortive, revealing an average target of $87.82, a high estimate of $98.00, and a low estimate of $77.00. This current average represents a 0.66% decrease from the previous average price target of $88.40.
Exploring Analyst Ratings: An In-Depth Overview
A comprehensive examination of how financial experts perceive Fortive is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Andrew Kaplowitz | Citigroup | Lowers | Neutral | $86.00 | $92.00 |
| Shannon O'Callaghan | UBS | Announces | Neutral | $84.00 | - |
| Jamie Cook | Truist Securities | Lowers | Buy | $89.00 | $90.00 |
| Joseph O'Dea | Wells Fargo | Lowers | Equal-Weight | $77.00 | $82.00 |
| Deane Dray | RBC Capital | Lowers | Sector Perform | $77.00 | $85.00 |
| Julian Mitchell | Barclays | Lowers | Overweight | $95.00 | $98.00 |
| Stephen Tusa | JP Morgan | Raises | Overweight | $92.00 | $90.00 |
| Jamie Cook | Truist Securities | Raises | Buy | $90.00 | $82.00 |
| Joseph O'Dea | Wells Fargo | Raises | Equal-Weight | $82.00 | $75.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $98.00 | $96.00 |
| Julian Mitchell | Barclays | Raises | Overweight | $96.00 | $94.00 |
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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Fortive's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Fortive analyst ratings.
About Fortive
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.
Understanding the Numbers: Fortive's Finances
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Positive Revenue Trend: Examining Fortive's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.68% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Fortive's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.44% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Fortive's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.1%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.28%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Fortive's debt-to-equity ratio is below the industry average. With a ratio of 0.37, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
