TechnipFMC plc Ordinary Share (NYSE:FTI) has been assigned a $34.00 price target by analysts at Royal Bank of Canada in a research note issued on Thursday. The firm currently has a “buy” rating on the oil and gas company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 10.39% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Citigroup lowered their price objective on shares of TechnipFMC plc Ordinary Share from $34.60 to $29.40 and set a “neutral” rating for the company in a research report on Monday, September 18th. assumed coverage on shares of TechnipFMC plc Ordinary Share in a research report on Monday, September 11th. They set a “hold” rating and a $26.00 price objective for the company. Cowen set a $32.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research report on Friday, October 6th. Societe Generale assumed 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 objective for the company. Finally, HSBC downgraded shares of TechnipFMC plc Ordinary Share from a “hold” rating to a “reduce” rating and set a $26.00 price objective for the company. in a research report on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $33.03.
Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) traded up $0.94 during trading hours on Thursday, hitting $30.80. 3,230,500 shares of the company were exchanged, compared to its average volume of 4,057,502. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23. TechnipFMC plc Ordinary Share has a twelve month low of $24.53 and a twelve month high of $37.09. The company has a market cap of $13,932.44, a P/E ratio of 23.89, a PEG ratio of 0.98 and a beta of 0.90.
Large investors have recently modified their holdings of the company. Mizuho Asset Management Co. Ltd. lifted its stake in shares of TechnipFMC plc Ordinary Share by 187.3% in the 2nd quarter. Mizuho Asset Management Co. Ltd. now owns 3,907 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 2,547 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of TechnipFMC plc Ordinary Share by 70.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 1,783 shares during the period. Mycio Wealth Partners LLC lifted its stake in shares of TechnipFMC plc Ordinary Share by 13.9% in the 2nd quarter. Mycio Wealth Partners LLC now owns 5,742 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 700 shares during the period. Amica Retiree Medical Trust lifted its stake in shares of TechnipFMC plc Ordinary Share by 105.0% in the 2nd quarter. Amica Retiree Medical Trust now owns 5,962 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 3,053 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of TechnipFMC plc Ordinary Share in the 2nd quarter worth approximately $161,000. 65.55% of the stock is owned by institutional investors.
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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.
