BMO Capital Initiated Fortive (FTV)’s Coverage with $82 Target; Franklin Resources, Inc. (BEN) Had 1 Bulls

November 15, 2017 - By Linda Rogers

Among 16 analysts covering Franklin Resources Inc. (NYSE:BEN), 1 have Buy rating, 4 Sell and 11 Hold. Therefore 6% are positive. Franklin Resources Inc. had 85 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Monday, September 25. UBS maintained Franklin Resources, Inc. (NYSE:BEN) rating on Friday, October 27. UBS has “Neutral” rating and $48 target. The rating was downgraded by Deutsche Bank to “Hold” on Friday, October 9. On Thursday, June 9 the stock rating was maintained by Citigroup with “Neutral”. Wells Fargo maintained Franklin Resources, Inc. (NYSE:BEN) on Friday, October 27 with “Market Perform” rating. On Friday, July 29 the stock rating was maintained by Citigroup with “Neutral”. Deutsche Bank maintained the shares of BEN in report on Wednesday, October 5 with “Hold” rating. The firm has “Hold” rating given on Wednesday, July 5 by Keefe Bruyette & Woods. The rating was upgraded by Bank of America to “Neutral” on Wednesday, November 9. The firm earned “Sell” rating on Thursday, November 10 by Deutsche Bank. See Franklin Resources, Inc. (NYSE:BEN) latest ratings:

27/10/2017 Broker: UBS Rating: Neutral Old Target: $46 New Target: $48 Maintain
27/10/2017 Broker: Wells Fargo Rating: Market Perform Old Target: $50 New Target: $48 Maintain
27/10/2017 Broker: Citigroup Rating: Neutral Old Target: $45 New Target: $44 Maintain
25/09/2017 Broker: Jefferies Rating: Hold New Target: $44.0 Maintain
08/09/2017 Broker: Barclays Capital Rating: Underweight New Target: $40.00 Initiate
01/09/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $44.0 Maintain
17/08/2017 Broker: Jefferies Rating: Hold New Target: $44.0 Maintain
31/07/2017 Broker: UBS Rating: Neutral Old Target: $46 New Target: $45 Maintain
24/07/2017 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Downgrade
07/07/2017 Broker: Credit Suisse Rating: Sell New Target: $40.0000

Among 15 analysts covering Fortive Corpor… (FTV), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Fortive Corpor… has $81.0 highest and $5200 lowest target. $69.30’s average target is -4.64% below currents $72.67 stock price. Fortive Corpor… had 32 analyst reports since July 6, 2016 according to SRatingsIntel. On Thursday, July 14 the stock rating was initiated by Stifel Nicolaus with “Hold”. The company was maintained on Wednesday, September 6 by Robert W. Baird. The firm earned “Neutral” rating on Thursday, August 4 by Citigroup. The firm earned “Buy” rating on Tuesday, July 26 by Bank of America. RBC Capital Markets maintained Fortive Corp (NYSE:FTV) rating on Monday, June 5. RBC Capital Markets has “Hold” rating and $6500 target. The firm earned “Hold” rating on Wednesday, October 11 by RBC Capital Markets. The rating was maintained by Cowen & Co on Monday, October 16 with “Hold”. Cowen & Co maintained the stock with “Hold” rating in Thursday, July 20 report. The stock has “Buy” rating by SunTrust on Wednesday, March 29. The firm earned “Neutral” rating on Friday, October 27 by Citigroup.

The stock increased 0.12% or $0.09 during the last trading session, reaching $72.67. About shares traded. Fortive Corp (FTV) has 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Fortive Corporation is a diversified industrial growth company. The company has market cap of $25.26 billion. The Firm designs, develops, makes and markets professional and engineered products, software and services for a range of end markets. It has a 27.41 P/E ratio. The Firm operates through two divisions: Professional Instrumentation and Industrial Technologies.

Analysts await Fortive Corp (NYSE:FTV) to report earnings on February, 6. They expect $0.78 earnings per share, up 14.71% or $0.10 from last year’s $0.68 per share. FTV’s profit will be $271.13M for 23.29 P/E if the $0.78 EPS becomes a reality. After $0.77 actual earnings per share reported by Fortive Corp for the previous quarter, Wall Street now forecasts 1.30% EPS growth.

Investors sentiment increased to 0.82 in Q2 2017. Its up 0.02, from 0.8 in 2017Q1. It improved, as 36 investors sold Franklin Resources, Inc. shares while 199 reduced holdings. 65 funds opened positions while 128 raised stakes. 243.98 million shares or 2.70% less from 250.75 million shares in 2017Q1 were reported. Parametric Port Assoc Ltd Limited Liability Company reported 1.03 million shares or 0.06% of all its holdings. Nomura invested in 83,466 shares or 0.01% of the stock. Cornerstone Advsrs Inc reported 0.03% stake. Oppenheimer Asset stated it has 0% in Franklin Resources, Inc. (NYSE:BEN). Guardian Cap Advsr L P holds 43,155 shares. Moreover, Bluemountain Mgmt Lc has 0.02% invested in Franklin Resources, Inc. (NYSE:BEN) for 20,857 shares. Putnam Invests Limited holds 6,200 shares or 0% of its portfolio. Employees Retirement Sys Of Texas reported 19,000 shares stake. Baystate Wealth Management Ltd Limited Liability Company has 0% invested in Franklin Resources, Inc. (NYSE:BEN) for 60 shares. Liberty Mutual Gp Asset Management Inc reported 22,436 shares or 0.04% of all its holdings. Walleye Trading Lc reported 0.01% of its portfolio in Franklin Resources, Inc. (NYSE:BEN). Sterling Capital Management Ltd Limited Liability Company reported 82,300 shares. Exxonmobil Investment Tx holds 0.07% or 65,741 shares in its portfolio. Kiltearn Prns Llp stated it has 6.12 million shares. Dupont Cap Mgmt Corp invested 0.05% of its portfolio in Franklin Resources, Inc. (NYSE:BEN).

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