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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 60.01 (-0.43% today). The market cap for Fortive Corporation is 20764.06, and is in the sector Technology, and Scientific & Technical Instruments industry. The target price for Fortive Corporation is 61.33. Currently Fortive Corporation is trading with a P/E of 23.88, and a forward P/E of 20.44. Average volume for Fortive Corporation is 1469.11 and so far today it is 1963300.

Performance in the last year for Fortive Corporation has been *TBA. For EPS growth, Fortive Corporation has seen a growth of 0.40%, and is looking to grow in the next year to 9.27%. More long term stats show that EPS growth has been *TBA over the last five years and could be 5.71% for the next five years. Fortive Corporation has seen sales growth quarter over quarter at 3.30%, with EPS growth quarter over quarter at -6.10%. The 20-day simple moving average is 0.20%, with the 200-day simple moving average coming to 11.79%.

Since the IPO date for Fortive Corporation on the 07/05/2016, Fortive Corporation has seen performance year to date to be 12.03%. With Fortive Corporation trading at 60.01, the dividend yield is 0.47%, and the EPS is 2.51.

So could Fortive Corporation, be undervalued? Well as said before P/E is 23.88. The PEG is 4.18, P/S is 3.34 and the P/B is at 7.65. The P/cash is 25.85, with P/free cash flow at 21.65.

Fortive Corporation ability to deal with debt shows that the current ratio is 1.7, and the quick ratio is 1.3. This is with long term debt/equity at 1.25, and total debt/equity at 1.25.

In terms of margins, Fortive Corporation has a gross margin of 48.70%, an operating margin of 20.00% and a profit margin of 14.00%.Payout ratio for Fortive Corporation is 5.50%. Return on assets come to 11.10% with return on investment coming to 15.20%.

Insider ownership for Fortive Corporation, is at 1.10% and institutional ownership comes to 79.00%. Outstanding shares are at 346.01. While shares float is 304.7. The float short is currently 0.56%, and short ratio is 1.16.

Graphs: Fortive Corporation NYSE: FTV | Thursday April 20, 2017


Fortive Corporation NYSE: FTV




Fortive Corporation NYSE: FTV

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

Peter Clarke

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