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Is this Large Market Cap Stock target price reasonable for Fortive Corporation (NYSE:FTV)?

The company in question is, Fortive Corporation (NYSE:FTV) currently with a stock price of 51.2 (-0.02% today). The market cap for Fortive Corporation is 18320.38, and is in the sector Technology, and Scientific & Technical Instruments industry. The target price for Fortive Corporation is 53.44. Currently Fortive Corporation is trading with a P/E of 20.64, and a forward P/E of 19.67. Average volume for Fortive Corporation is 2495.9 and so far today it is 87513.

Performance in the last year for Fortive Corporation has been *TBA. For EPS growth, Fortive Corporation has seen a growth of -2.20%, and is looking to grow in the next year to 7.30%. More long term stats show that EPS growth has been 0.00% over the last five years and could be 6.37% for the next five years. Fortive Corporation has seen sales growth quarter over quarter at -0.60%, with EPS growth quarter over quarter at 5.10%. The 20-day simple moving average is 0.66%, with the 200-day simple moving average coming to 0.66%.

Since the IPO date for Fortive Corporation on the 7/5/2016, Fortive Corporation has seen performance year to date to be 5.51%. With Fortive Corporation trading at 51.2, the dividend yield is 0.55%, and the EPS is 2.48.

So could Fortive Corporation, be undervalued? Well as said before P/E is 20.64. The PEG is 3.24, P/S is 2.99 and the P/B is at 7.47. The P/cash is 37.6, with P/free cash flow at *TBA.

Fortive Corporation ability to deal with debt shows that the current ratio is 1.6, and the quick ratio is 1.2. This is with long term debt/equity at 1.42, and total debt/equity at 1.42.

In terms of margins, Fortive Corporation has a gross margin of 48.30%, an operating margin of *TBA and a profit margin of *TBA.Payout ratio for Fortive Corporation is *TBA. Return on assets come to *TBA with return on investment coming to 16.70%.

Insider ownership for Fortive Corporation, is at 1.80% and institutional ownership comes to 1.40%. Outstanding shares are at 357.75. While shares float is 304.39. The float short is currently 1.29%, and short ratio is 1.58.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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