FMC Technologies, Inc. (NYSE:FTI) Now Covered by Analysts at HSBC Holdings plc

HSBC Holdings plc started coverage on shares of FMC Technologies, Inc. (NYSE:FTI) in a research note published on Monday, September 11th, Marketbeat reports. The brokerage issued a hold rating and a $26.00 price target on the oil and gas company’s stock.

FTI has been the subject of a number of other reports. Piper Jaffray Companies set a $32.00 price objective on FMC Technologies and gave the stock a buy rating in a report on Wednesday, July 26th. Sanford C. Bernstein upgraded FMC Technologies from an underperform rating to a market perform rating and set a $29.00 price objective on the stock in a research note on Tuesday, May 16th. ValuEngine upgraded FMC Technologies from a hold rating to a buy rating in a research note on Saturday, July 8th. Jefferies Group LLC reiterated a hold rating and issued a $31.00 price objective on shares of FMC Technologies in a research note on Friday, July 14th. Finally, Scotiabank set a $36.00 target price on shares of FMC Technologies and gave the company a buy rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $34.61.

FMC Technologies (FTI) opened at 27.21 on Monday. The stock’s 50 day moving average price is $26.37 and its 200-day moving average price is $29.18. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 32.90 and a beta of 0.93. FMC Technologies has a one year low of $25.17 and a one year high of $37.09.

FMC Technologies (NYSE:FTI) last issued its earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.80 billion. On average, equities research analysts anticipate that FMC Technologies will post $1.06 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of FTI. Gateway Investment Advisers LLC lifted its holdings in FMC Technologies by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 28,794 shares of the oil and gas company’s stock worth $783,000 after buying an additional 107 shares during the period. Louisiana State Employees Retirement System lifted its holdings in FMC Technologies by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the oil and gas company’s stock worth $786,000 after buying an additional 200 shares during the period. Conning Inc. lifted its holdings in FMC Technologies by 2.7% in the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock worth $208,000 after buying an additional 200 shares during the period. Bank of Nova Scotia lifted its holdings in FMC Technologies by 2.8% in the second quarter. Bank of Nova Scotia now owns 11,204 shares of the oil and gas company’s stock worth $305,000 after buying an additional 300 shares during the period. Finally, Bbva Compass Bancshares Inc. lifted its holdings in FMC Technologies by 4.8% in the second quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock worth $224,000 after buying an additional 379 shares during the period. Institutional investors own 65.35% of the company’s stock.

FMC Technologies Company Profile

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 FMC Technologies (NYSE:FTI)

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