Could Fortive Corporation (NYSE:FTV) See a Reversal After More Sellers Came In?

The stock of Fortive Corporation (NYSE:FTV) registered an increase of 6.58% in short interest. FTV’s total short interest was 8.47 million shares in August as published by FINRA. Its up 6.58% from 7.94M shares, reported previously. With 1.49M shares average volume, it will take short sellers 6 days to cover their FTV’s short positions. The short interest to Fortive Corporation’s float is 2.88%.

It closed at $67.33 lastly. It is down 4.64% since August 15, 2018 and is downtrending. It has underperformed by 4.64% the S&P500.

Fortive Corporation designs, develops, makes, markets, and services professional and engineered products, software, and services worldwide. The company has market cap of $22.59 billion. It operates in two divisions, Professional Instrumentation and Industrial Technologies. It has a 8.79 P/E ratio. The companyÂ’s field solutions include various professional test tools, thermal imaging, and calibration equipment for electrical, industrial, electronic, and calibration applications; online condition monitoring equipment; and computerized maintenance management software for infrastructure in electrical utility and industrial applications under the FLUKE, FLUKE BIOMEDICAL, FLUKE NETWORKS, and QUALITROL brands.

Fortive Corporation (NYSE:FTV) Ratings Coverage

Among 4 analysts covering Fortive (NYSE:FTV), 3 have Buy rating, 1 Sell and 0 Hold. Therefore 75% are positive. Fortive has $9900 highest and $6500 lowest target. $87’s average target is 29.21% above currents $67.33 stock price. Fortive had 7 analyst reports since April 3, 2019 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Wednesday, April 3. As per Monday, June 3, the company rating was downgraded by Cowen & Co. The firm has “Outperform” rating by BMO Capital Markets given on Friday, April 26.

More notable recent Fortive Corporation (NYSE:FTV) news were published by: Bizjournals.com which released: “Industrial Scientific buying California company – Pittsburgh Business Times” on July 08, 2019, also Seekingalpha.com with their article: “Fortive’s Valuation Already Assumes A Lot Of Improvement – Seeking Alpha” published on May 01, 2019, Finance.Yahoo.com published: “Why Mohawk Industries, Cabot Oil & Gas, and Fortive Slumped Today – Yahoo Finance” on July 26, 2019. More interesting news about Fortive Corporation (NYSE:FTV) were released by: Seekingalpha.com and their article: “Fortive Q1 2019 Earnings Preview – Seeking Alpha” published on April 24, 2019 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: China Redux, 13F Season And Blockchain Blockbuster – Seeking Alpha” with publication date: May 11, 2019.

Fortive Corporation (NYSE:FTV) Ratings Chart

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