Fortive Corp Gets a Hold Rating from Stifel Nicolaus

By Carrie Williams

Stifel Nicolaus analyst Patrick Newton reiterated a Hold rating on Fortive Corp (NYSE: FTV) on July 28 and set a price target of $62. The company’s shares closed on Friday at $64.47, close to its 52-week high of $65.21.

According to TipRanks.com, Newton is a 5-star analyst with an average return of 26.1% and a 89.3% success rate. Newton covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Ipg Photonics Corp, and Faro Technologies.

Currently, the analyst consensus on Fortive Corp is Hold and the average price target is $63.60, representing a -1.3% downside.

In a report issued on July 20, Cowen & Co. also reiterated a Hold rating on the stock with a $52 price target.

Fortive Corp’s market cap is currently $22.35B and has a P/E ratio of 25.28. The company has a book value ratio of 7.7362.

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Fortive Corp. is a diversified industrial growth company. It designs, develops, manufactures, and markets professional and engineered products, software and services for a variety of end markets. The company operates its business in two reportable segments: Professional Instrumentation and Industrial Technologies.