Fortive stock: buy or sell?
March 27th, 2020
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide.
Should I buy Fortive stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Fortive stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Fortive stock a buy?
Banks and financial institutions publish stock ratings everyday.Unfortunately, we couldn't find any rating for FTV stock for the last month.
Fortive stock analysis
Fortive closed yesterday at $49.65 and collapsed a scary -3.91%.
Fortive collapsed a scary -3.91% and closed at $49.65. Since Feb 24th when FTV stock price broke down the SMA200d line, it slid $-26.08 per share (-34.44%).
After sliding for 4 weeks, this week Fortive climbed a super good 8.93%, closing at $49.65. Last week FTV plunged a hair-raising -31.04% in just one week. After 4 weeks sliding, this week raised a 6.81%.
Since late February, when FTV stock price broke down the 40-weeks moving avarage line, it slid $-26.08 per share (-34.44%). Stocks below the 40-weeks moving average line are usually not recommended for average traders. Far behind is the all-time high Fortive recorded late April 2019 and since then the price is -44.29% below that top.
Fortive stock price history
Fortive IPO was on July 5th, 2016 at $48.59 per share1. Since then, FTV stock surged a 2.20%, with a yearly average of 0.70%. If you had invested $1,000 in Fortive stock in 2016, it would worth $22.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Fortive stock historical price chart
FTV stock reached all-time highs on April with a price of $89.13.
Fortive stock price targetHow much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not detected any price target for Fortive stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareFortive presented slightly fine results for 2018-Q4 . Fortive gained Earnings per Share (EPS) by 5.80%, beating experts estimates of $0.86. Fortive posted $0.91.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a dazzling gain of 12.10% to $6,452.70 M dollars. When comparing 2018 vs 2017, in line, profit margin (that is, the net income divided by revenues) boosted a 27.01% to 45.16%.
|2013||$5,960 M||-||$831 M13.9%||-|
|2014||$6,337 M||6.33%||$883 M13.9%||6.32%|
|2015||$6,179 M||-2.50%||$864 M14.0%||-2.22%|
|2016||$6,224 M||0.74%||$872 M14.0%||0.98%|
|2017||$5,756 M||-7.52%||$1,045 M18.1%||19.74%|
|2018||$6,453 M||12.10%||$2,914 M45.2%||178.97%|
Quarterly financial resultsFortive posted $1,015.90 M in sales for 2018-Q4, a -44.79% decline compared to previous quarter. Reported quarter earnings marked $2,112.30 M with a profit margin of 207.92%. Profit margin skyrocketed a 194.59% compared to previous quarter when profit margin was 13.33%. When comparing revenues to same quarter last year, Fortive sales marked a spooky correction and plunged a -43.77%. Looking back to recent quarterly results, Fortive posted 2 negative quarters in a row.
|2017-Q2||$1,630 M||-||$240 M14.7%||-|
|2017-Q3||$1,690 M||3.68%||$268 M15.8%||11.54%|
|2017-Q4||$1,807 M||6.91%||$337 M18.6%||25.80%|
|2018-Q1||$1,741 M||-3.65%||$261 M15.0%||-22.47%|
|2018-Q2||$1,856 M||6.62%||$295 M15.9%||12.94%|
|2018-Q3||$1,840 M||-0.86%||$245 M13.3%||-16.85%|
|2018-Q4||$1,016 M||-44.79%||$2,112 M207.9%||761.11%|
|2019-Q1||$1,593 M||56.80%||$164 M10.3%||-92.22%|
Fortive ownershipWhen you are planning to invest in a stock, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Fortive, 12.14% of all outstanding shares are owned by its staff.
Bearish positions for FTV stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related companies:
|Market cap||$16.7 B|
|Total shares||336.4 M|
|Float shares||295.7 M|
|- Institutional holdings (%)||85.5%|
|- Insider holdings (%)||12.1%|
|Shares in short selling||0.0%|
|Friday, March 27th, 2020|
|Day range||$47.70 - $50.94|
|Average true range||$5.76|
|50d mov avg||$68.22|
|100d mov avg||$71.23|
|200d mov avg||$71.90|
Fortive performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared Fortive against in the following table:
Fortive competitorsUnfortunately, we could not find any public company that could be defined as Fortive competitor. This doesn't mean Fortive does not have any competitor in the market, it's just we could not detected it.
Latest Fortive stock news
- InvestorPlace3 Big Stock Charts for Tuesday: Micron Technology, Fortive and Morgan StanleyDecember 11, 2018
- InvestorPlace3 Stock Charts for Monday: Cisco Systems, Fortive and Walgreens Boots AllianceOctober 29, 2018
- InvestorPlaceThursday’s Vital Data: Square, Netflix and FortiveSeptember 27, 2018
- Seeking AlphaFortive And Altra Industrial Motion: Exchange Offer Worth Considering NowSeptember 19, 2018
- InvestorPlace3 Big Stock Charts for Tuesday: Fortive, General Mills and Macy’sSeptember 18, 2018