RBC Capital analyst Deane Dray maintained a Hold rating on Fortive (NYSE:FTV) Corp on Monday, setting a price target of $65, which is approximately 5.91% above the present share price of $61.37.
Dray expects Fortive Corp to post earnings per share (EPS) of $0.07 for the second quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Fortive, with an average price target of $69.63.
The analysts price targets range from a high of $75 to a low of $62.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.71 billion and a net profit of $204.9 million. The company's market cap is $21.44 billion.
According to TipRanks.com, RBC Capital analyst Deane Dray is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 3.4% and a 52.15% success rate.
Fortive Corp. is a diversified industrial growth company, which engages in the design, development, manufacturing, and marketing of professional and engineered products, software, and services for a variety of end markets. It operates through the Professional Instrumentation and Industrial Technologies segments. The Professional Instrumentation segment offers software and services used to create actionable intelligence by measuring and monitoring a range of physical parameters in industrial applications. The Industrial Technologies segment comprises of critical technical equipment, components, software, and services for manufacturing, repair, and transportation markets. It also offers panning advanced environmental sensors, fueling equipment; field payment; hardware; remote management and workflow software; vehicle tracking and fleet management software; and signaling solutions for traffic light control. The company was founded on November 10, 2015 and is headquartered in Everett, WA.