Goldman Sachs Group Lowers TechnipFMC plc Ordinary Share (FTI) to Neutral

TechnipFMC plc Ordinary Share (NYSE:FTI) was downgraded by analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, November 13th, MarketBeat Ratings reports. They presently have a $30.00 price objective on the oil and gas company’s stock. Goldman Sachs Group’s price target suggests a potential upside of 2.56% from the stock’s previous close.

Several other equities analysts also recently commented on FTI. Piper Jaffray Companies set a $32.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research note on Wednesday, July 26th. Scotiabank set a $36.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research note on Thursday, July 27th. Seaport Global Securities reaffirmed a “neutral” rating on shares of TechnipFMC plc Ordinary Share in a research note on Thursday, July 27th. UBS reaffirmed a “buy” rating and set a $36.00 price objective (down from $40.00) on shares of TechnipFMC plc Ordinary Share in a research note on Monday, July 31st. Finally, BidaskClub raised shares of TechnipFMC plc Ordinary Share from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. TechnipFMC plc Ordinary Share has a consensus rating of “Hold” and a consensus price target of $33.03.

TechnipFMC plc Ordinary Share (FTI) opened at $29.25 on Monday. The company has a market cap of $13,363.20, a price-to-earnings ratio of 22.91, a PEG ratio of 0.93 and a beta of 0.90. 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 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 the consensus estimate of $0.46 by ($0.07). The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 74.3% on a year-over-year basis. sell-side analysts anticipate that TechnipFMC plc Ordinary Share will post 1.62 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC increased its stake in shares of TechnipFMC plc Ordinary Share by 10.9% during 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 purchasing an additional 3,347,874 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of TechnipFMC plc Ordinary Share by 3.4% during the second quarter. Vanguard Group Inc. now owns 27,167,998 shares of the oil and gas company’s stock valued at $738,969,000 after purchasing an additional 896,416 shares in the last quarter. BlackRock Inc. increased its stake in shares of TechnipFMC plc Ordinary Share by 7.8% during the second quarter. BlackRock Inc. now owns 21,731,728 shares of the oil and gas company’s stock valued at $591,104,000 after purchasing an additional 1,571,751 shares in the last quarter. State Street Corp increased its stake in shares of TechnipFMC plc Ordinary Share by 2.0% during the second quarter. State Street Corp now owns 20,888,596 shares of the oil and gas company’s stock valued at $568,171,000 after purchasing an additional 417,151 shares in the last quarter. Finally, AXA increased its stake in shares of TechnipFMC plc Ordinary Share by 16.3% during the second quarter. AXA now owns 8,697,311 shares of the oil and gas company’s stock valued at $236,567,000 after purchasing an additional 1,222,075 shares in the last quarter. 65.58% of the stock is owned by institutional investors and hedge funds.

WARNING: “Goldman Sachs Group Lowers TechnipFMC plc Ordinary Share (FTI) to Neutral” was reported by BBNS and is owned by of BBNS. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/fmc-technologies-inc-fti-lowered-to-neutral-at-the-goldman-sachs-group-inc/1781886.html.

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)

Receive News & Ratings for TechnipFMC plc Ordinary Share Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC plc Ordinary Share and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.