Fortive Corp (FTV) Now Covered by Analysts at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. began coverage on shares of Fortive Corp (NYSE:FTV) in a research note issued to investors on Wednesday morning. The brokerage issued a neutral rating and a $47.00 target price on the stock.
Other equities research analysts have also issued research reports about the company. Credit Suisse Group AG reiterated a buy rating on shares of Fortive Corp in a research report on Saturday, July 9th. Bank of America Corp. initiated coverage on Fortive Corp in a research note on Tuesday, July 26th. They issued a buy rating and a $55.00 price objective on the stock. Barclays PLC reissued a buy rating on shares of Fortive Corp in a research note on Thursday, August 4th. Stifel Nicolaus initiated coverage on Fortive Corp in a research note on Thursday, July 14th. They issued a hold rating on the stock. Finally, Argus initiated coverage on Fortive Corp in a research note on Thursday, September 8th. They issued a hold rating on the stock. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fortive Corp presently has a consensus rating of Hold and a consensus price target of $52.60.
Fortive Corp (NYSE:FTV) opened at 51.72 on Wednesday. The firm has a market cap of $17.87 billion and a price-to-earnings ratio of 20.91. Fortive Corp has a 1-year low of $46.29 and a 1-year high of $54.34. The firm has a 50-day moving average price of $51.79 and a 200 day moving average price of $50.90.
Fortive Corp (NYSE:FTV) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The company earned $1.56 million during the quarter, compared to the consensus estimate of $1.56 million. During the same quarter last year, the firm posted $0.66 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts predict that Fortive Corp will post $2.43 earnings per share for the current year.
The company also recently disclosed a special dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, August 26th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, August 24th.
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