TechnipFMC plc Ordinary Share (FTI) Downgraded by Societe Generale

TechnipFMC plc Ordinary Share (NYSE:FTI) was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Marketbeat.com reports.

FTI has been the topic of a number of other reports. ValuEngine downgraded shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research 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 research 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 research report on Wednesday, December 13th. HSBC reaffirmed a “reduce” rating and issued a $26.00 target price on shares of TechnipFMC plc Ordinary Share in a research report on Wednesday, November 15th. Finally, Susquehanna Bancshares set a $39.00 target price on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $32.97.

Shares of TechnipFMC plc Ordinary Share (NYSE FTI) traded down $1.02 during trading on Monday, reaching $33.08. 3,625,123 shares of the company’s stock were exchanged, compared to its average volume of 3,214,154. 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 fifty-two week low of $24.53 and a fifty-two week high of $35.00.

Hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can grew its position in TechnipFMC plc Ordinary Share by 70.0% during the 3rd 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. purchased a new stake in TechnipFMC plc Ordinary Share during the 2nd quarter valued at about $161,000. Macquarie Group Ltd. purchased a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter valued at about $190,000. Bank of Nova Scotia Trust Co. purchased a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter valued at about $192,000. Finally, Boothbay Fund Management LLC purchased a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter valued at about $223,000. 65.81% of the stock is currently 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.