Is Fortive Corporation (NYSE:FTV) a Long Term Growth Play? Shares have moved 20.17% YTD

Fortive Corporation (NYSE:FTV) has been recommended as a long term growth pick according to Beta Research.  With their stock price currently trading around $81.31, the firm has proven a solid track record of growth over the past few years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 0.50% earnings per share growth over the past 5 years and 1.60% revenue growth over that same time frame. 

Investors often have to decide whether to follow the crowd or go against the herd. This can be difficult considering all the different market factors in play. Investors who strictly follow the technical charts may be missing the other half of the picture involving company fundamentals. On the other hand, investors who only look at fundamentals may be missing key information presented by studying the numbers. Combining both techniques may prove to be a solid option for researching the equity market. Many investors will opt to pick certain stocks based on fundamental analysis, and then use technical charts to figure out the proper time to make a move.  

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Fortive Corporation (NYSE:FTV)’s stock was 20.17%.  Over the last week of the month, it was 0.41%, -6.38% over the last quarter, and  16.36% for the past six months. 

Over the past 50 days, Fortive Corporation’s stock is -6.29% off of the high and 10.48% removed from the low.  Their 52-Week High and Low are as follows: -9.13% (High), 29.29%, (Low). 

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $84.77 on the equity.   Analysts have a consensus recommendation of 2.40 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

As the second half of the year has approached, investors may be doing a deep dive into the portfolio to see what has worked and what hasn’t worked so far this year. Investors may be looking to make a complete overhaul or just a few minor tweaks. The big question seems to be whether or not the market will remain solid of the next couple of quarters. There are obviously those who think a stock market collapse is imminent, and those who believe the market is bound for newer, greater heights. Being prepared for any scenario will most likely be greatly beneficial to individual investors over the next few months. 

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.