TechnipFMC plc Ordinary Share (NYSE:FTI)‘s stock had its “buy” rating reaffirmed by stock analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday.
A number of other research firms have also issued reports on FTI. ValuEngine lowered shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. HSBC restated a “reduce” rating and issued a $26.00 price objective on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, November 15th. Goldman Sachs Group downgraded TechnipFMC plc Ordinary Share from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Monday, November 13th. Barclays set a $28.00 price objective on TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Royal Bank Of Canada set a $45.00 price objective on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a report on Saturday, October 7th. Three equities 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 company has an average rating of “Hold” and an average target price of $33.03.
TechnipFMC plc Ordinary Share (NYSE:FTI) traded down $0.67 during midday trading on Wednesday, hitting $28.24. 3,158,500 shares of the stock were exchanged, compared to its average volume of 4,096,157. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $13,489.17, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 0.94 and a beta of 0.90. TechnipFMC plc Ordinary Share has a 1-year low of $24.53 and a 1-year high of $37.09.
TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. TechnipFMC plc Ordinary Share’s quarterly revenue was up 74.3% compared to the same quarter last year. During the same period last year, the business earned $0.22 earnings per share. equities research analysts predict that TechnipFMC plc Ordinary Share will post 1.62 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can grew its holdings in TechnipFMC plc Ordinary Share by 70.0% during 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 position in TechnipFMC plc Ordinary Share during the second quarter valued at approximately $161,000. Macquarie Group Ltd. acquired a new position in TechnipFMC plc Ordinary Share during the third quarter valued at approximately $190,000. Bank of Nova Scotia Trust Co. acquired a new position in TechnipFMC plc Ordinary Share during the third quarter valued at approximately $192,000. Finally, Conning Inc. grew its holdings in TechnipFMC plc Ordinary Share by 2.7% during the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after purchasing an additional 200 shares during the last quarter. 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.
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