The stock of Fortive Corp (NYSE:FTV) reached all time high today, Nov, 10 and still has $67.51 target or 23.00% above today’s $54.89 share price. This indicates more upside for the $19.26B company. This technical setup was reported by Barchart.com. If the $67.51 PT is reached, the company will be worth $4.43 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 217,551 shares traded hands. Fortive Corp (NYSE:FTV) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
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 has “Neutral” rating given by Robert W. Baird on Friday, July 8. Raymond James initiated the stock with “Outperform” rating in Friday, September 23 report. As per Wednesday, July 6, the company rating was initiated by Barclays Capital.
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 to Present At Morgan Stanley 4th Annual Laguna Conference” on September 08, 2016. Bizjournals.com‘s article titled: “Danaher Corp. moving forward with corporate split” and published on June 20, 2016 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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