Fortive logged a -1.1% change Monday, and is now trading at a price of $73.92 per share. The S&P 500 index moved 0.0%. FTV's trading volume is 727,756 compared to the stock's average volume of 2,183,593.
Fortive trades 0.24% away from its average analyst target price of $73.74 per share. The 15 analysts following the stock have set target prices ranging from $63.0 to $87.0, and on average have given Fortive a rating of buy.
Anyone interested in buying FTV should be aware of the facts below:
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Fortive's current price is 84.3% above its Graham number of $40.1, which implies that at its current valuation it does not offer a margin of safety
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Based on its trailing earnings per share of 2.14, Fortive has a trailing 12 month Price to Earnings (P/E) ratio of 34.5 while the S&P 500 average is 15.97
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FTV has a forward P/E ratio of 20.0 based on its forward 12 month price to earnings (EPS) of $3.69 per share
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The company has a price to earnings growth (PEG) ratio of 3.05 — a number near or below 1 signifying that Fortive is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 2.65 compared to its sector average of 3.78
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Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide.
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Based in Everett, the company has 18,000 full time employees and a market cap of $26.0 Billion. Fortive currently returns an annual dividend yield of 0.4%.