FMC Technologies Hits New 1-Year High at $59.82 (FTI)
FMC Technologies (NYSE:FTI) shares reached a new 52-week high during mid-day trading on Thursday , AnalystRatingsNetwork.com reports. The company traded as high as $59.82 and last traded at $59.58, with a volume of 286,596 shares trading hands. The stock had previously closed at $59.67.
Several analysts have recently commented on the stock. Analysts at Gabelli initiated coverage on shares of FMC Technologies in a research note on Thursday, June 12th. They set a “hold” rating and a $61.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of FMC Technologies in a research note on Monday, May 5th. They now have a $59.00 price target on the stock. Finally, 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. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $64.15.
The stock has a 50-day moving average of $57.35 and a 200-day moving average of $53.15. The company has a market cap of $14.104 billion and a price-to-earnings ratio of 26.64.
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. On average, analysts predict that FMC Technologies will post $2.70 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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