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FMC Technologies (NYSE:FTI)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Monday, Stock Ratings News reports. They currently have a $54.00 price objective on the stock. Zacks‘ price objective would suggest a potential upside of 5.39% from the stock’s previous close.

Zacks‘ analyst wrote, “We are maintaining our Neutral recommendation on FMC Technologies with a target price of $54. The company has a diversified product portfolio, specialty service capabilities and proprietary technological expertise. Other positives for FMC Technologies include a strong backlog position, growing international operations and a favorable outlook for subsea activity levels. However, we have a difficult time justifying a sufficient enough potential return to support an Outperform rating. Moreover, with markets remaining competitive and pricing likely to be weak, we believe FTI shares are fairly valued and expect them to perform in line with the broader market. “

Several other analysts have also recently commented on the stock. Analysts at Societe Generale upgraded shares of FMC Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. They now have a $61.00 price target on the stock, up previously from $59.00. Separately, analysts at Socgen upgraded shares of FMC Technologies to a “buy” rating in a research note on Tuesday, February 11th. Finally, analysts at Raymond James upgraded shares of FMC Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, February 10th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $60.90.

FMC Technologies (NYSE:FTI) traded down 0.23% on Monday, hitting $51.24. 1,671,870 shares of the company’s stock traded hands. FMC Technologies has a 52 week low of $47.58 and a 52 week high of $59.79. The stock’s 50-day moving average is $50.62 and its 200-day moving average is $52.57. The company has a market cap of $12.200 billion and a P/E ratio of 24.46.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.14. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts expect that FMC Technologies will post $2.67 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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