TechnipFMC plc Ordinary Share (FTI) Receives Consensus Recommendation of “Hold” from Analysts

TechnipFMC plc Ordinary Share (NYSE:FTI) has earned an average rating of “Hold” from the twenty-four research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $32.47.

A number of research analysts have weighed in on FTI shares. HSBC reaffirmed a “reduce” rating and set a $26.00 price target on shares of TechnipFMC plc Ordinary Share in a research report on Wednesday, November 15th. Goldman Sachs Group cut shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Monday, November 13th. Barclays set a $28.00 price target on shares of TechnipFMC plc Ordinary Share and gave the company a “hold” rating in a research report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of TechnipFMC plc Ordinary Share in a research report on Friday, October 27th. Finally, Societe Generale started coverage on shares of TechnipFMC plc Ordinary Share in a research report on Thursday, November 16th. They set a “buy” rating and a $38.00 price target on the stock.

Shares of TechnipFMC plc Ordinary Share (FTI) traded down $0.84 during mid-day trading on Friday, reaching $28.26. 3,454,345 shares of the company’s stock were exchanged, compared to its average volume of 3,592,340. 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 1 year low of $24.53 and a 1 year high of $35.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC raised its holdings in TechnipFMC plc Ordinary Share by 10.9% in the third quarter. First Eagle Investment Management LLC now owns 33,933,562 shares of the oil and gas company’s stock valued at $947,425,000 after acquiring an additional 3,347,874 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in TechnipFMC plc Ordinary Share in the third quarter valued at $45,311,000. APG Asset Management N.V. raised its holdings in TechnipFMC plc Ordinary Share by 26.1% in the third quarter. APG Asset Management N.V. now owns 7,257,489 shares of the oil and gas company’s stock valued at $202,629,000 after acquiring an additional 1,500,600 shares in the last quarter. Platinum Investment Management Ltd. raised its holdings in TechnipFMC plc Ordinary Share by 12.6% in the third quarter. Platinum Investment Management Ltd. now owns 7,899,200 shares of the oil and gas company’s stock valued at $220,545,000 after acquiring an additional 883,100 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its holdings in TechnipFMC plc Ordinary Share by 231.2% in the third quarter. State of Tennessee Treasury Department now owns 1,250,798 shares of the oil and gas company’s stock valued at $34,922,000 after acquiring an additional 873,180 shares in the last quarter. 66.15% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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