TechnipFMC plc Ordinary Share (NYSE:FTI) received a $35.00 price objective from research analysts at Cowen in a research report issued on Wednesday, MarketBeat.com reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Cowen’s price objective suggests a potential upside of 27.60% from the company’s previous close.
FTI has been the subject of a number of other reports. began coverage on TechnipFMC plc Ordinary Share in a report on Monday, September 11th. They issued a “hold” rating and a $26.00 price target for the company. Gabelli raised TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Friday, October 20th. Morgan Stanley reissued a “buy” rating on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, December 6th. HSBC cut TechnipFMC plc Ordinary Share from a “hold” rating to a “reduce” rating and set a $26.00 price target for the company. in a report on Wednesday, November 15th. Finally, Barclays cut their price target on TechnipFMC plc Ordinary Share from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $33.18.
TechnipFMC plc Ordinary Share (NYSE:FTI) opened at $27.43 on Wednesday. The stock has a market capitalization of $12,798.62, a price-to-earnings ratio of 21.94, a P/E/G ratio of 0.90 and a beta of 0.90. TechnipFMC plc Ordinary Share has a 1-year low of $24.53 and a 1-year high of $36.14. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23.
Institutional investors have recently added to or reduced their stakes in the stock. Sentry Investment Management LLC increased its stake in TechnipFMC plc Ordinary Share by 102.0% in the second quarter. Sentry Investment Management LLC now owns 19,163 shares of the oil and gas company’s stock valued at $521,000 after purchasing an additional 9,677 shares during the last quarter. Ninepoint Partners LP acquired a new position in TechnipFMC plc Ordinary Share in the third quarter valued at $307,000. Zurich Insurance Group Ltd FI acquired a new position in TechnipFMC plc Ordinary Share in the second quarter valued at $1,409,000. Nippon Life Insurance Co. increased its stake in TechnipFMC plc Ordinary Share by 44.0% in the third quarter. Nippon Life Insurance Co. now owns 39,100 shares of the oil and gas company’s stock valued at $1,092,000 after purchasing an additional 11,952 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in TechnipFMC plc Ordinary Share by 5.4% in the second quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock valued at $1,046,000 after purchasing an additional 1,982 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.
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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.
