TechnipFMC plc (NYSE:FTI) Receives $36.15 Consensus Price Target from Brokerages

TechnipFMC plc (NYSE:FTI) has been given a consensus rating of “Buy” by the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $36.15.

Several research firms recently commented on FTI. Hsbc Global Res raised shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Barclays increased their target price on shares of TechnipFMC from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and increased their target price for the company from $29.00 to $40.00 in a research note on Friday, December 6th. TD Cowen reissued a “buy” rating and set a $37.00 target price on shares of TechnipFMC in a research note on Wednesday, November 27th. Finally, StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

Institutional Investors Weigh In On TechnipFMC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in TechnipFMC by 203.6% in the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock worth $29,000 after buying an additional 735 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in TechnipFMC in the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC lifted its position in TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock worth $43,000 after buying an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in TechnipFMC in the 4th quarter worth approximately $45,000. Finally, EverSource Wealth Advisors LLC lifted its position in TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Trading Down 4.7 %

TechnipFMC stock opened at $29.06 on Friday. The firm has a 50 day simple moving average of $30.71 and a 200-day simple moving average of $28.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The stock has a market capitalization of $12.36 billion, a PE ratio of 19.12 and a beta of 1.52. TechnipFMC has a 12-month low of $20.04 and a 12-month high of $33.45.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.