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Goldman Sachs announced Fortive (NYSE:FTV), bumping up its stock price target to $47.00 today

Yesterday Fortive (NYSE:FTV) traded 0.21% higher at $51.72. The company’s 50-day moving average is $51.79 and its 200-day moving average is $50.90. The last stock close price is up 1.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 905,666 shares of the stock were exchanged, down from an average trading volume of 2,253,420

In a report released on 9/29/2016 Goldman Sachs bumped up the target of Fortive (NYSE:FTV) to $47.00 indicating a possible downside of -0.09%.

See Chart Below

Fortive (NYSE:FTV)

Fortive has a 52 week low of $46.29 and a 52 week high of $54.34 with a P/E ratio of 20.91 The company’s market cap is currently $0.

In addition to Goldman Sachs reporting its target price, a total of 5 firms have issued a report on the stock. The consensus target price is $52.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Fortive (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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