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FMC Technologies (NYSE:FTI)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Monday, ARN reports. They currently have a $59.00 target price on the stock. Zacks‘s target price suggests a potential upside of 4.31% from the company’s current price.

Zacks’ analyst wrote, “We are maintaining our Neutral recommendation on FMC Technologies with a target price of $59. 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. “

Other equities research analysts have also recently issued reports about the stock. 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, April 25th. 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, April 24th. 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, April 24th. They now have a $70.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.95.

Shares of FMC Technologies (NYSE:FTI) traded up 0.72% during mid-day trading on Monday, hitting $56.97. The stock had a trading volume of 977,845 shares. FMC Technologies has a 1-year low of $47.58 and a 1-year high of $59.79. The stock’s 50-day moving average is $53.91 and its 200-day moving average is $51.67. The company has a market cap of $13.398 billion and a price-to-earnings ratio of 25.25.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that FMC Technologies will post $2.69 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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