Susquehanna Bancshares Analysts Give TechnipFMC plc Ordinary Share (NYSE:FTI) a $39.00 Price Target

TechnipFMC plc Ordinary Share (NYSE:FTI) received a $39.00 target price from stock analysts at Susquehanna Bancshares in a research report issued on Friday, January 12th. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Susquehanna Bancshares’ price objective indicates a potential upside of 16.42% from the company’s previous close.

Other research analysts have also issued reports about the stock. Gabelli raised shares of TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Friday, October 20th. Royal Bank of Canada set a $45.00 target price on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Saturday, October 7th. Cowen set a $32.00 target price on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Friday, October 6th. Citigroup upgraded TechnipFMC plc Ordinary Share from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $30.00 in a research report on Monday, October 2nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $31.50 target price on shares of TechnipFMC plc Ordinary Share in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.33.

TechnipFMC plc Ordinary Share (FTI) traded up $0.35 during mid-day trading on Friday, hitting $33.50. 2,709,412 shares of the company were exchanged, compared to its average volume of 2,402,515. TechnipFMC plc Ordinary Share has a 1 year low of $24.53 and a 1 year high of $35.73. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.87 billion. The business’s quarterly revenue was up 74.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 earnings per share. analysts predict that TechnipFMC plc Ordinary Share will post 1.61 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC grew 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 worth $947,425,000 after acquiring an additional 3,347,874 shares during the last quarter. Vanguard Group Inc. grew 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 worth $738,969,000 after acquiring an additional 896,416 shares during the last quarter. BlackRock Inc. grew 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 worth $591,104,000 after acquiring an additional 1,571,751 shares during the last quarter. State Street Corp grew 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 worth $568,171,000 after acquiring an additional 417,151 shares during the last quarter. Finally, Platinum Investment Management Ltd. grew its stake in shares of TechnipFMC plc Ordinary Share by 12.6% during the third quarter. Platinum Investment Management Ltd. now owns 7,899,200 shares of the oil and gas company’s stock worth $220,545,000 after acquiring an additional 883,100 shares during the last quarter. Institutional investors and hedge funds own 65.55% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/20/technipfmc-plc-ordinary-share-fti-given-a-39-00-price-target-by-susquehanna-bancshares-analysts.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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply