TechnipFMC plc Ordinary Share (NYSE:FTI) was upgraded by research analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a research note issued on Thursday, The Fly reports.

Other equities research analysts have also recently issued research reports about the company. Scotiabank set a $40.00 price objective on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research note on Saturday, April 1st. Goldman Sachs Group Inc assumed coverage on TechnipFMC plc Ordinary Share in a research note on Tuesday, January 24th. They issued a “buy” rating and a $40.00 price objective for the company. BMO Capital Markets set a $37.00 price objective on TechnipFMC plc Ordinary Share and gave the company a “hold” rating in a research note on Wednesday, March 1st. Credit Suisse Group AG assumed coverage on TechnipFMC plc Ordinary Share in a research note on Wednesday, January 25th. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Barclays PLC reiterated a “hold” rating and issued a $42.00 price objective on shares of TechnipFMC plc Ordinary Share in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.06.

Analyst Recommendations for TechnipFMC plc Ordinary Share (NYSE:FTI)

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) opened at 32.04 on Thursday. TechnipFMC plc Ordinary Share has a 52-week low of $30.61 and a 52-week high of $36.14. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 12.85 and a beta of 1.01. The firm’s 50 day moving average is $32.31 and its 200 day moving average is $33.36.

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In other news, Director Peter Mellbye sold 10,140 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $33.02, for a total value of $334,822.80. Following the transaction, the director now owns 26,547 shares of the company’s stock, valued at $876,581.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard G. Alabaster sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $31.29, for a total value of $250,320.00. Following the completion of the transaction, the insider now directly owns 60,418 shares in the company, valued at approximately $1,890,479.22. The disclosure for this sale can be found here. In the last three months, insiders sold 50,140 shares of company stock worth $1,604,983. Corporate insiders own 0.86% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Asset Management Co. raised its position in shares of TechnipFMC plc Ordinary Share by 0.5% in the third quarter. Capstone Asset Management Co. now owns 15,852 shares of the oil and gas company’s stock worth $470,000 after buying an additional 76 shares in the last quarter. Strs Ohio raised its position in shares of TechnipFMC plc Ordinary Share by 17.1% in the third quarter. Strs Ohio now owns 1,005,108 shares of the oil and gas company’s stock worth $29,821,000 after buying an additional 146,683 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of TechnipFMC plc Ordinary Share by 14.6% in the third quarter. Great West Life Assurance Co. Can now owns 204,589 shares of the oil and gas company’s stock worth $6,063,000 after buying an additional 26,070 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of TechnipFMC plc Ordinary Share by 96.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 66,597 shares of the oil and gas company’s stock worth $1,976,000 after buying an additional 32,707 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of TechnipFMC plc Ordinary Share by 54.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 955,510 shares of the oil and gas company’s stock worth $28,350,000 after buying an additional 337,080 shares in the last quarter. 91.01% of the stock is currently owned by hedge funds and other institutional investors.

About TechnipFMC plc Ordinary Share

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

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