FMC Technologies PT Lowered to $62.00 (FTI)
Investment analysts at UBS AG lowered their price objective on shares of FMC Technologies (NYSE:FTI) from $66.00 to $62.00 in a note issued to investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target suggests a potential upside of 21.26% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of FMC Technologies from $64.00 to $62.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of FMC Technologies from $57.00 to $55.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Barclays cut their price target on shares of FMC Technologies from $61.00 to $58.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $62.19.
FMC Technologies (NYSE:FTI) traded down 1.46% on Thursday, hitting $51.13. The stock had a trading volume of 3,845,020 shares. FMC Technologies has a one year low of $39.25 and a one year high of $59.27. The stock’s 50-day moving average is $54.18 and its 200-day moving average is $54.47. The company has a market cap of $12.113 billion and a price-to-earnings ratio of 29.15.
FMC Technologies (NYSE:FTI) last announced its earnings results on Wednesday, October 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.06. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Analysts expect that FMC Technologies will post $2.12 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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