Shares of FMC Technologies, Inc. (NYSE:FTI) have received an average recommendation of “Buy” from the twenty ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $35.66.
A number of equities analysts have recently issued reports on FTI shares. BidaskClub downgraded shares of FMC Technologies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Seaport Global Securities downgraded shares of FMC Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $40.00 to $26.00 in a research note on Wednesday, June 21st. BMO Capital Markets reiterated a “hold” rating and set a $35.00 price objective on shares of FMC Technologies in a research note on Thursday, June 22nd. Morgan Stanley reiterated an “overweight” rating and set a $43.00 price objective (down from $45.00) on shares of FMC Technologies in a research note on Thursday, June 22nd. Finally, ValuEngine upgraded shares of FMC Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th.
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Shares of FMC Technologies (NYSE FTI) traded down 2.38% during mid-day trading on Friday, hitting $26.62. The stock had a trading volume of 2,969,482 shares. The company’s 50 day moving average is $26.75 and its 200-day moving average is $28.69. FMC Technologies has a 52-week low of $25.17 and a 52-week high of $36.14. The stock has a market cap of $12.43 billion, a P/E ratio of 32.19 and a beta of 0.95.
FMC Technologies (NYSE:FTI) last released its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.80 billion. On average, equities research analysts anticipate that FMC Technologies will post $1.06 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of FTI. BlackRock Inc. raised its holdings in shares of FMC Technologies by 3,127.8% in the first quarter. BlackRock Inc. now owns 20,159,977 shares of the oil and gas company’s stock worth $655,198,000 after buying an additional 19,535,400 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of FMC Technologies by 53.2% in the second quarter. First Eagle Investment Management LLC now owns 30,585,688 shares of the oil and gas company’s stock worth $831,931,000 after buying an additional 10,617,891 shares during the last quarter. State Street Corp raised its holdings in shares of FMC Technologies by 48.1% in the first quarter. State Street Corp now owns 20,471,445 shares of the oil and gas company’s stock worth $665,332,000 after buying an additional 6,648,002 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of FMC Technologies by 18.5% in the first quarter. Vanguard Group Inc. now owns 26,271,582 shares of the oil and gas company’s stock worth $853,826,000 after buying an additional 4,105,582 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of FMC Technologies by 19,636.0% in the second quarter. Janus Henderson Group PLC now owns 3,496,027 shares of the oil and gas company’s stock worth $95,090,000 after buying an additional 3,478,313 shares during the last quarter. 65.35% of the stock is owned by institutional investors and hedge funds.
FMC Technologies Company Profile
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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