10 Analysts Have This To Say About Fortive
Portfolio Pulse from Benzinga Insights
Fortive (NYSE:FTV) received mixed analyst ratings with a shift towards a more neutral stance in the latest quarter. The average 12-month price target for FTV has been raised to $88.6, reflecting a 4.1% increase from the previous target. Analyst actions include both upgrades and downgrades, with notable firms like RBC Capital, Wells Fargo, JP Morgan, Citigroup, Barclays, Truist Securities, and Mizuho involved. Fortive, a diversified industrial technology firm, reported a revenue of $6.1 billion in 2023, with a net margin of 16.75% but lower ROE and ROA compared to industry standards.
April 25, 2024 | 4:00 pm
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NEUTRAL IMPACT
Fortive received mixed analyst ratings, with a recent shift towards neutrality but an increased average price target to $88.6. The company's financial performance shows strong revenue and net margin, but challenges in ROE and ROA.
The mixed analyst ratings with a higher average price target suggest a cautious but optimistic outlook for Fortive. The company's strong financial performance, particularly in revenue and net margin, supports a stable short-term outlook. However, the lower ROE and ROA compared to industry standards may raise concerns about long-term growth and efficiency, balancing the short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100