FMC Technologies, Inc. (NYSE:FTI) has been given a consensus rating of “Hold” by the twenty analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.25.
FTI has been the topic of a number of recent research reports. ValuEngine lowered FMC Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Sanford C. Bernstein raised FMC Technologies from an “underperform” rating to a “market perform” rating and set a $29.00 price objective on the stock in a research report on Tuesday, May 16th. Royal Bank Of Canada raised FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a research report on Friday, August 25th. Cowen and Company reaffirmed a “buy” rating and set a $32.00 price objective on shares of FMC Technologies in a research report on Tuesday, July 11th. Finally, Scotiabank set a $36.00 price objective on FMC Technologies and gave the stock a “buy” rating in a research report on Thursday, July 27th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC boosted its stake in FMC Technologies by 19.7% in the first quarter. Perigon Wealth Management LLC now owns 5,017 shares of the oil and gas company’s stock valued at $163,000 after acquiring an additional 826 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in FMC Technologies in the first quarter valued at $165,000. MAVEN SECURITIES Ltd acquired a new position in FMC Technologies in the first quarter valued at $174,000. C M Bidwell & Associates Ltd. acquired a new position in FMC Technologies in the second quarter valued at $161,000. Finally, Koch Industries Inc. acquired a new position in FMC Technologies in the first quarter valued at $221,000. Institutional investors own 65.36% of the company’s stock.
Shares of FMC Technologies (NYSE FTI) traded up 0.70% during mid-day trading on Tuesday, reaching $25.95. The company’s stock had a trading volume of 3,563,100 shares. The stock has a 50 day moving average of $26.64 and a 200-day moving average of $29.46. FMC Technologies has a one year low of $25.17 and a one year high of $36.14. The stock has a market cap of $12.12 billion, a P/E ratio of 31.38 and a beta of 0.93.
FMC Technologies (NYSE:FTI) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.80 billion. On average, equities research analysts expect that FMC Technologies will post $1.06 EPS for the current fiscal year.
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About FMC Technologies
FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.
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