Fortive Corp Receives a Hold from Oppenheimer


Oppenheimer analyst Jim Giannakouros assigned a Hold rating to Fortive Corp (NYSE: FTV) yesterday. The company’s shares closed yesterday at $77.61, close to its 52-week high of $80.31.

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 6.2% and a 57.2% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.

Fortive Corp has an analyst consensus of Hold, with a price target consensus of $79.25.

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Based on Fortive Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $261 million. In comparison, last year the company had a net profit of $200 million.

Based on the recent corporate insider activity of 36 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.

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