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.
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