Fortive Corp (NYSE:FTV) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 4, 2016
Zacks Investment Research has downgraded Fortive Corp (NYSE:FTV) to Sell in a statement released on 10/05/2016.
Previously on 09/29/2016, Goldman Sachs reported about Fortive Corp (NYSE:FTV) raised the target price from $0.00 to $47.00. At the time, this indicated a possible downside of -0.09%.
Displaying a price of $50.74, Fortive Corp (NYSE:FTV) traded -1.13% lower on the day. With the last close down -0.18% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $51.63 and a 200-day moving average of $50.90. 1,212,754 shares of Fortive Corp were exchanged, down from an avg. volume of 2,205,820
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With a total market value of $0, Fortive Corp has 52 week low of $46.29 and a 52 week high of $54.34 with a P/E ratio of 20.55 .
In addition to Zacks Investment Research reporting its price target, a total of 5 firms have issued a report on FTV. The one year target is $52.00 with zero brokerages rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, zero brokerages rating the stock a underperform, and finally zero analysts rating the stock a sell.
General Information About Fortive Corp (NYSE:FTV)
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 Company has two segments: Professional Instrumentation and Industrial Technologies. Its Professional Instrumentation segment consists of instrumentation and solutions, and sensing technologies businesses. Its Industrial Technologies segment consists of transportation technologies, automation and specialty components, and franchise distribution businesses. Its research and development, manufacturing, sales, distribution, service and administrative facilities are located in over 40 countries across North America, Asia Pacific, Europe and Latin America. Fortive's brands hold positions in field instrumentation and sensing, among others.
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