FMC Technologies Inc. Sets New 1-Year High at $59.79 (FTI)
FMC Technologies (NYSE:FTI) set a new 52-week high during trading on Friday, Analyst RN reports. The stock traded as high as $59.79 and last traded at $59.03, with a volume of 892,918 shares. The stock had previously closed at $58.25.
A number of analysts have recently weighed in on FTI shares. Analysts at Robert W. Baird initiated coverage on shares of FMC Technologies in a research note to investors on Monday. They set a “neutral” rating and a $65.00 price target on the stock. Separately, analysts at Clarkson Capital initiated coverage on shares of FMC Technologies in a research note to investors on Monday, October 7th. They set an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of FMC Technologies in a research note to investors on Monday, September 23rd. They now have a $59.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $61.74.
FMC Technologies has a 52 week low of $39.25 and a 52 week high of $59.27. The stock’s 50-day moving average is $55.9 and its 200-day moving average is $55.23. The company has a market cap of $14.058 billion and a price-to-earnings ratio of 32.72.
FMC Technologies (NYSE:FTI) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts predict that FMC Technologies will post $2.19 earnings per share 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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