Fortive (FTV) Touches $69.36 High on Sep, 17; Canada Pension Plan Investment Board Has Lowered Sally Beauty Hldgs Com (SBH) Position By $1.79 Million



September 17, 2017 – By Winifred Garcia

The stock of Fortive Corp (NYSE:FTV) reached all time high today, Sep, 17 and still has $75.60 target or 9.00% above today’s $69.36 share price. This indicates more upside for the $24.07B company. This technical setup was reported by Barchart.com. If the $75.60 PT is reached, the company will be worth $2.17 billion more. The stock increased 0.25% or $0.17 on September 15, reaching $69.36. About 2.71 million shares traded or 137.72% up from the average. Fortive Corp (NYSE:FTV) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Canada Pension Plan Investment Board decreased Sally Beauty Hldgs Inc Com (SBH) stake by 39.86% reported in 2016Q4 SEC filing. Canada Pension Plan Investment Board sold 69,000 shares as Sally Beauty Hldgs Inc Com (SBH)’s stock declined 19.54%. The Canada Pension Plan Investment Board holds 104,100 shares with $2.75 million value, down from 173,100 last quarter. Sally Beauty Hldgs Inc Com now has $2.65 billion valuation. The stock increased 0.05% or $0.01 on September 15, reaching $20.19. About 3.99M shares traded or 88.21% up from the average. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 34.87% since September 17, 2016 and is downtrending. It has underperformed by 51.57% the S&P500.

Canada Pension Plan Investment Board increased Duke Realty Corp Com New (NYSE:DRE) stake by 13,000 shares to 1.01 million valued at $26.73M in 2016Q4. It also upped Air Prods & Chems Inc Com (NYSE:APD) stake by 247,100 shares and now owns 787,528 shares. Shutterstock Inc Com (NYSE:SSTK) was raised too.

Among 15 analysts covering Sally Beauty Holdings (NYSE:SBH), 1 have Buy rating, 0 Sell and 14 Hold. Therefore 7% are positive. Sally Beauty Holdings had 33 analyst reports since August 5, 2015 according to SRatingsIntel. Johnson Rice upgraded the shares of SBH in report on Monday, August 10 to “Hold” rating. The firm earned “Neutral” rating on Monday, February 6 by B. Riley & Co. The rating was upgraded by Wells Fargo to “Market Perform” on Thursday, June 2. On Wednesday, November 18 the stock rating was upgraded by Goldman Sachs to “Buy”. Oppenheimer upgraded Sally Beauty Holdings, Inc. (NYSE:SBH) rating on Tuesday, January 26. Oppenheimer has “Outperform” rating and $30 target. BB&T Capital initiated the stock with “Hold” rating in Wednesday, April 20 report. KeyBanc Capital Markets upgraded the shares of SBH in report on Tuesday, December 15 to “Overweight” rating. The company was maintained on Tuesday, June 20 by Oppenheimer. KeyBanc Capital Markets maintained the shares of SBH in report on Monday, September 4 with “Hold” rating. As per Thursday, February 2, the company rating was downgraded by Oppenheimer.

Analysts await Sally Beauty Holdings, Inc. (NYSE:SBH) to report earnings on November, 21. They expect $0.48 EPS, up 17.07% or $0.07 from last year’s $0.41 per share. SBH’s profit will be $63.00M for 10.52 P/E if the $0.48 EPS becomes a reality. After $0.52 actual EPS reported by Sally Beauty Holdings, Inc. for the previous quarter, Wall Street now forecasts -7.69% negative EPS growth.

Fortive Corporation is a diversified industrial growth company. The company has market cap of $24.07 billion. The Firm designs, develops, makes and markets professional and engineered products, software and services for a range of end markets. It has a 27.28 P/E ratio. The Firm operates through two divisions: Professional Instrumentation and Industrial Technologies.

Analysts await Fortive Corp (NYSE:FTV) to report earnings on October, 26. They expect $0.73 EPS, up 8.96% or $0.06 from last year’s $0.67 per share. FTV’s profit will be $253.33 million for 23.75 P/E if the $0.73 EPS becomes a reality. After $0.71 actual EPS reported by Fortive Corp for the previous quarter, Wall Street now forecasts 2.82% EPS growth.

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