HSBC Holdings PLC restated their reduce rating on shares of FMC Technologies, Inc. (NYSE:FTI) in a report issued on Wednesday. HSBC Holdings PLC currently has a $26.00 price target on the oil and gas company’s stock.
Several other research analysts also recently commented on the stock. Goldman Sachs Group, Inc. (The) downgraded shares of FMC Technologies from a buy rating to a neutral rating and set a $30.00 price target on the stock. in a research note on Monday. Royal Bank Of Canada reaffirmed a buy rating and issued a $37.00 price target on shares of FMC Technologies in a research note on Friday, October 27th. Barclays PLC cut their target price on shares of FMC Technologies from $30.00 to $28.00 and set an equal weight rating on the stock in a research report on Friday, October 27th. Gabelli raised shares of FMC Technologies from a hold rating to a buy rating and set a $39.00 target price on the stock in a research report on Friday, October 20th. Finally, Cowen and Company set a $32.00 target price on shares of FMC Technologies and gave the company a buy rating in a research report on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. FMC Technologies currently has a consensus rating of Hold and an average target price of $33.83.
FMC Technologies (NYSE FTI) traded up $0.04 during mid-day trading on Wednesday, reaching $26.54. 2,732,498 shares of the company traded hands, compared to its average volume of 4,124,463. The stock has a market cap of $12,672.64, a P/E ratio of 21.73, a PEG ratio of 0.89 and a beta of 0.89. FMC Technologies has a 52 week low of $24.53 and a 52 week high of $37.09. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.
FMC Technologies (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.87 billion. FMC Technologies’s revenue for the quarter was up 74.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. analysts predict that FMC Technologies will post 1.61 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, November 20th.
Several large investors have recently bought and sold shares of FTI. First Eagle Investment Management LLC increased its holdings in shares of FMC Technologies by 53.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 30,585,688 shares of the oil and gas company’s stock valued at $831,931,000 after purchasing an additional 10,617,891 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of FMC Technologies by 19,636.0% during the 2nd quarter. Janus Henderson Group PLC now owns 3,496,027 shares of the oil and gas company’s stock valued at $95,090,000 after purchasing an additional 3,478,313 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of FMC Technologies by 90.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,638,820 shares of the oil and gas company’s stock valued at $98,976,000 after purchasing an additional 1,726,320 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of FMC Technologies during the 3rd quarter valued at approximately $45,311,000. Finally, Platinum Investment Management Ltd. increased its holdings in shares of FMC Technologies by 29.6% during the 2nd quarter. Platinum Investment Management Ltd. now owns 7,016,100 shares of the oil and gas company’s stock valued at $190,837,000 after purchasing an additional 1,604,400 shares in the last quarter. 66.88% of the stock is owned by hedge funds and other institutional investors.
About FMC Technologies
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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