TechnipFMC plc Ordinary Share (NYSE:FTI) has been given a $39.00 target price by equities research analysts at Susquehanna Bancshares in a note issued to investors on Friday. The firm presently has a “buy” rating on the oil and gas company’s stock. Susquehanna Bancshares’ target price would suggest a potential upside of 12.07% from the company’s current price.
FTI has been the topic of several other reports. ValuEngine downgraded shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Royal Bank of Canada set a $34.00 target price on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a report on Thursday, December 21st. Cowen set a $35.00 target price on shares of TechnipFMC plc Ordinary Share and gave the stock an “outperform” rating in a report on Wednesday, December 13th. HSBC restated a “reduce” rating and set a $26.00 target price on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, November 15th. Finally, Barclays dropped their target price on shares of TechnipFMC plc Ordinary Share from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.33.
Shares of TechnipFMC plc Ordinary Share (NYSE FTI) traded up $0.79 during mid-day trading on Friday, reaching $34.80. 5,362,314 shares of the company’s stock traded hands, compared to its average volume of 2,498,702. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22. TechnipFMC plc Ordinary Share has a 52-week low of $24.53 and a 52-week high of $36.14.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its holdings in shares of TechnipFMC plc Ordinary Share by 70.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 1,783 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of TechnipFMC plc Ordinary Share in the second quarter valued at approximately $161,000. Macquarie Group Ltd. acquired a new stake in shares of TechnipFMC plc Ordinary Share in the third quarter valued at approximately $190,000. Bank of Nova Scotia Trust Co. acquired a new stake in shares of TechnipFMC plc Ordinary Share in the third quarter valued at approximately $192,000. Finally, Boothbay Fund Management LLC bought a new position in shares of TechnipFMC plc Ordinary Share in the third quarter valued at $223,000. Institutional investors own 65.55% of the company’s stock.
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TechnipFMC plc Ordinary Share Company Profile
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.
