Fortive stock hits 52-week low at 46.45 USD

Published 04/08/2025, 15:10
Fortive stock hits 52-week low at 46.45 USD

Fortive Corp (NYSE:FTV)’s stock recently reached a 52-week low, touching 46.45 USD. According to InvestingPro data, technical indicators suggest the stock is in oversold territory, potentially presenting an opportunity as the company maintains impressive gross profit margins of nearly 60%. This marks a significant downturn for the company, with InvestingPro data showing a 22.7% decline over the past six months. Despite market pressures, management has been actively buying back shares, demonstrating confidence in the company’s fundamentals. The current price suggests Fortive is undervalued according to InvestingPro’s Fair Value analysis, with 7 additional exclusive insights available to subscribers through the comprehensive Pro Research Report.

In other recent news, Fortive Corporation reported its earnings for the second quarter of 2025, with an adjusted earnings per share (EPS) of $0.58, which was slightly below the forecasted $0.59. The company’s revenue for the quarter was $1.02 billion, aligning with expectations. Following these results, Truist Securities downgraded Fortive’s stock from Buy to Hold, citing growth concerns. The downgrade was accompanied by a reduction in the price target from $60.00 to $55.00. This decision came after Fortive’s recent spin-off of PT and the installation of new management, which aims for a more streamlined business portfolio. These developments reflect the ongoing adjustments and challenges Fortive is navigating in its operational strategy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.