Cracking The Code: Understanding Analyst Reviews For Fortive
Portfolio Pulse from Benzinga Insights
Fortive (NYSE:FTV), a diversified industrial technology firm, has been evaluated by analysts with mixed sentiments. The average 12-month price target among 7 analysts is $74.86, with a high of $90.00 and a low of $66.00. This target has decreased by 1.72% from the previous $76.17. Analysts' actions include both upgrades and downgrades, with ratings ranging from 'Buy' to 'Neutral'. Fortive's financial performance shows a revenue growth of 2.64% as of September 30, 2023, a high net margin of 14.59%, but lower ROE and ROA compared to industry averages, and a healthy debt-to-equity ratio of 0.27.
December 19, 2023 | 3:02 pm
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Fortive has received mixed analyst ratings with an average 12-month price target of $74.86. Financial indicators show positive revenue growth but lower efficiency in ROE and ROA.
The mixed analyst ratings and the slight decrease in the average price target suggest uncertainty, which could lead to a neutral short-term impact on FTV's stock price. The company's solid net margin is positive, but the lower ROE and ROA compared to industry standards may concern investors. The healthy debt-to-equity ratio is a positive sign of financial stability.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100