Notable Reporting: Could Fortive Corp Lose Strenght? The Stock Increases A Lot Today

Notable Reporting: Could Fortive Corp Lose Strenght? The Stock Increases A Lot Today

The stock of Fortive Corp (NYSE:FTV) is a huge mover today! About 694,460 shares traded hands. Fortive Corp (NYSE:FTV) has risen 6.00% since September 3, 2016 and is uptrending. It has underperformed by 6.22% the S&P500.
The move comes after 6 months positive chart setup for the $17.78B company. It was reported on Oct, 3 by Barchart.com. We have $62.01 PT which if reached, will make NYSE:FTV worth $3.73 billion more.

Analysts await Fortive Corp (NYSE:FTV) to report earnings on November, 1. FTV’s profit will be $204.69 million for 21.72 P/E if the $0.59 EPS becomes a reality. After $0.63 actual earnings per share reported by Fortive Corp for the previous quarter, Wall Street now forecasts -6.35% negative EPS growth.

Fortive Corp (NYSE:FTV) Ratings Coverage

Out of 3 analysts covering Fortive (NYSE:FTV), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Fortive has been the topic of 3 analyst reports since July 6, 2016 according to StockzIntelligence Inc. The stock of Fortive Corp (NYSE:FTV) has “Overweight” rating given on Wednesday, July 6 by Barclays Capital. As per Friday, September 23, the company rating was initiated by Raymond James. The stock has “Neutral” rating given by Robert W. Baird on Friday, July 8.

According to Zacks Investment Research, “Fortive Corporation is an industrial growth company. Its segment comprised of Professional Instrumentation and Industrial Technologies. Professional Instrumentation segment consists of instrumentation and solutions, sensing technologies businesses. Industrial Technologies segment consists of transportation technologies, automation and specialty components and franchise distribution businesses. Fortive Corporation is based in WA, United States.”

More news for Fortive Corp (NYSE:FTV) were recently published by: Prnewswire.com, which released: “Fortive Schedules Third Quarter 2016 Earnings Conference Call” on September 27, 2016. Wsj.com‘s article titled: “Danaher Split to Put Industrial Units Into New NYSE-Listed Entity Called …” and published on December 03, 2015 is yet another important article.

FTV Company Profile

Fortive Corporation (Fortive) is an industrial growth company, which operates businesses that design, develop, manufacture, service and market professional and engineered products, software and services for a range of end markets. The Firm has two divisions: Professional Instrumentation and Industrial Technologies. The Company’s Professional Instrumentation segment consists of instrumentation and solutions, and sensing technologies businesses. The Company’s Industrial Technologies segment consists of transportation technologies, automation and specialty components, and franchise distribution businesses.

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