FMC Technologies Given Consensus Recommendation of “Buy” by Brokerages (NYSE:FTI)
FMC Technologies (NYSE:FTI) has received a consensus recommendation of “Buy” from the thirty brokerages that are presently covering the company, Analyst RN reports. Eleven investment analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $63.57.
FMC Technologies (NYSE:FTI) traded down 0.05% during mid-day trading on Monday, hitting $56.77. 87,644 shares of the company’s stock traded hands. FMC Technologies has a one year low of $47.58 and a one year high of $59.79. The stock has a 50-day moving average of $53.19 and a 200-day moving average of $51.7. The company has a market cap of $13.398 billion and a price-to-earnings ratio of 27.05.
FMC Technologies (NYSE:FTI) last released its earnings data on Tuesday, April 22nd. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.07. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 million. During the same quarter last year, the company posted $0.43 earnings per share. FMC Technologies’s revenue was up 10.8% compared to the same quarter last year. On average, analysts predict that FMC Technologies will post $2.67 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FTI shares. Analysts at BMO Capital Markets upgraded shares of FMC Technologies from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $75.00 price target on the stock, up previously from $51.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of FMC Technologies in a research note on Thursday. They now have a $57.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of FMC Technologies in a research note on Thursday. They now have a $70.00 price target on the stock.
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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