FMC Technologies Price Target Increased to $73.00 by Analysts at Global Hunter Securities (FTI)
Equities researchers at Global Hunter Securities increased their price target on shares of FMC Technologies (NYSE:FTI) from $67.00 to $73.00 in a research report issued on Monday. Global Hunter Securities’ price objective points to a potential upside of 15.36% from the company’s current price.
A number of other analysts have also recently weighed in on FTI. Analysts at Credit Suisse reiterated a “neutral” rating on shares of FMC Technologies in a research note on Thursday. They now have a $72.00 price target on the stock, up previously from $60.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of FMC Technologies in a research note on Thursday. They now have a $65.00 price target on the stock, up previously from $57.00. Finally, analysts at RBC Capital raised their price target on shares of FMC Technologies from $68.00 to $71.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. FMC Technologies currently has a consensus rating of “Buy” and an average price target of $67.95.
Shares of FMC Technologies (NYSE:FTI) traded up 0.19% on Monday, hitting $63.40. 483,120 shares of the company’s stock traded hands. FMC Technologies has a one year low of $47.58 and a one year high of $63.92. The stock has a 50-day moving average of $60. and a 200-day moving average of $54.90. The company has a market cap of $14.890 billion and a P/E ratio of 23.02.
FMC Technologies (NYSE:FTI) last released its earnings data on Tuesday, July 22nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.09. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, analysts predict that FMC Technologies will post $2.80 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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