Robert W. Baird analyst Richard Eastman maintained a Buy rating on Fortive (NYSE:FTV) Corp on Friday, setting a price target of $80, which is approximately 12.96% above the present share price of $70.82.
Eastman expects Fortive Corp to post earnings per share (EPS) of $3.55 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Fortive, with an average price target of $79.29.
The analysts price targets range from a high of $88 to a low of $71.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of -$552.6 million and a net profit of -$167 million. The company's market cap is $23.97 billion.
According to TipRanks.com, Robert W. Baird analyst Richard Eastman is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.7% and a 81.03% success rate.
Incorporated in 2015 and headquartered in Washington, Fortive Corp. is a diversified industrial growth company. The company is engaged 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.