RBC Capital Reaffirms Their Hold Rating on Fortive Corp (FTV)

By Carrie Williams

In a report released yesterday, Deane Dray from RBC Capital reiterated a Hold rating on Fortive Corp (FTVResearch Report), with a price target of $74. The company’s shares closed yesterday at $72.59.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 2.9% and a 54.6% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Gates Industrial Corp Plc, Emerson Electric Company, and United Technologies Corp.

Currently, the analyst consensus on Fortive Corp is a Moderate Buy with an average price target of $85.57.

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The company has a one-year high of $88.34 and a one-year low of $69.03. Currently, Fortive Corp has an average volume of 5.86M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock.

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Fortive Corp. is a diversified industrial growth company, which designs, develops, manufactures, and markets professional and engineered products, software, and services for a variety of end markets. It operates through Professional Instrumentation and Industrial Technologies sgements.