FMC Technologies Given “Hold” Rating at Barclays Capital (FTI)
FMC Technologies (NYSE:FTI)‘s stock had its “hold” rating reaffirmed by analysts at Barclays Capital in a research report issued to clients and investors on Friday, Stock Ratings Network reports. They currently have a $61.00 target price on the stock. Barclays Capital’s price objective would suggest a potential upside of 8.21% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Global Hunter Securities raised their price target on shares of FMC Technologies (NYSE:FTI) from $66.00 to $71.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of FMC Technologies (NYSE:FTI) in a research note to investors on Tuesday, September 3rd. They now have a $69.00 price target on the stock. Finally, analysts at Societe Generale upgraded shares of FMC Technologies (NYSE:FTI) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 23rd. They now have a $65.00 price target on the stock. They noted that the move was a valuation call.
One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.56.
Shares of FMC Technologies (NYSE:FTI) traded down 1.36% on Friday, hitting $56.37. The stock had a trading volume of 1,399,618 shares. FMC Technologies has a 52-week low of $39.25 and a 52-week high of $59.27. The stock has a 50-day moving average of $54. and a 200-day moving average of $54.61. The company has a market cap of $13.355 billion and a P/E ratio of 32.11.
FMC Technologies (NYSE:FTI) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.01. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts expect that FMC Technologies will post $2.19 EPS for the current fiscal year.
FMC Technologies, Inc designs, manufactures and services systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems for the energy industry.
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