6 analysts have expressed a variety of opinions on Fortive (NYSE:FTV) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 1 | 0 | 0 |
| Last 30D | 1 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $86.67, with a high estimate of $93.00 and a low estimate of $75.00. A decline of 2.62% from the prior average price target is evident in the current average.
Deciphering Analyst Ratings: An In-Depth Analysis
An in-depth analysis of recent analyst actions unveils how financial experts perceive Fortive. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jamie Cook | Truist Securities | Lowers | Buy | $82.00 | $89.00 |
| Julian Mitchell | Barclays | Lowers | Overweight | $91.00 | $93.00 |
| Julian Mitchell | Barclays | Lowers | Overweight | $93.00 | $97.00 |
| Joseph O'Dea | Wells Fargo | Lowers | Equal-Weight | $75.00 | $84.00 |
| Joseph Giordano | TD Cowen | Raises | Buy | $90.00 | $75.00 |
| Jamie Cook | Truist Securities | Lowers | Buy | $89.00 | $96.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fortive. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fortive compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Fortive's stock. This examination reveals shifts in analysts' expectations over time.
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.
Unveiling the Story Behind 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.
Fortive's Financial Performance
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Fortive showcased positive performance, achieving a revenue growth rate of 4.37% as of 31 March, 2024. This reflects a substantial increase in the company's 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 13.6% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Fortive's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.99%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Fortive's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.2%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Fortive's debt-to-equity ratio is below the industry average at 0.38, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: What Are They?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.