FMC Technologies, Inc. (NYSE:FTI) was upgraded by stock analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Friday. The firm presently has a $37.00 target price on the oil and gas company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 47.00% from the stock’s previous close.

FTI has been the topic of a number of other research reports. ValuEngine lowered shares of FMC Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Scotiabank set a $37.00 target price on shares of FMC Technologies and gave the stock a “buy” rating in a research report on Monday, May 1st. Sanford C. Bernstein upgraded shares of FMC Technologies from an “underperform” rating to a “market perform” rating and set a $29.00 target price on the stock in a research report on Tuesday, May 16th. Cowen and Company restated a “buy” rating and set a $32.00 target price on shares of FMC Technologies in a research report on Tuesday, July 11th. Finally, Piper Jaffray Companies set a $32.00 target price on shares of FMC Technologies and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $35.29.

Shares of FMC Technologies (FTI) opened at 25.17 on Friday. The stock has a market capitalization of $11.76 billion, a P/E ratio of 30.44 and a beta of 0.92. FMC Technologies has a 12 month low of $25.17 and a 12 month high of $36.14. The firm’s 50-day moving average price is $27.19 and its 200-day moving average price is $29.96.

FMC Technologies (NYSE:FTI) last announced its earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.08. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.80 billion. On average, equities research analysts forecast that FMC Technologies will post $1.06 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “FMC Technologies, Inc. (FTI) Upgraded to Outperform at Royal Bank Of Canada” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/25/fmc-technologies-inc-fti-given-outperform-rating-at-royal-bank-of-canada.html.

In other news, CFO Maryann T. Mannen sold 6,500 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $29.20, for a total value of $189,800.00. Following the transaction, the chief financial officer now owns 309,261 shares of the company’s stock, valued at approximately $9,030,421.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. increased its position in shares of FMC Technologies by 8.3% in the fourth quarter. Macquarie Group Ltd. now owns 5,200 shares of the oil and gas company’s stock worth $185,000 after buying an additional 400 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of FMC Technologies by 25.7% in the first quarter. Capstone Asset Management Co. now owns 20,422 shares of the oil and gas company’s stock worth $664,000 after buying an additional 4,170 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of FMC Technologies by 102.1% in the first quarter. Louisiana State Employees Retirement System now owns 28,700 shares of the oil and gas company’s stock worth $933,000 after buying an additional 14,500 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of FMC Technologies by 88.0% in the first quarter. Gateway Investment Advisers LLC now owns 28,687 shares of the oil and gas company’s stock worth $932,000 after buying an additional 13,429 shares in the last quarter. Finally, Oakbrook Investments LLC increased its position in shares of FMC Technologies by 24.9% in the first quarter. Oakbrook Investments LLC now owns 14,300 shares of the oil and gas company’s stock worth $465,000 after buying an additional 2,850 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

About FMC Technologies

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.

Analyst Recommendations for FMC Technologies (NYSE:FTI)

Receive News & Ratings for FMC Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.