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

TechnipFMC plc Ordinary Share (NYSE:FTI) received a $39.00 price objective from investment analysts at Susquehanna Bancshares in a note issued to investors 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 19.34% from the stock’s previous close.

A number of other research analysts have also commented on FTI. Citigroup lowered their price objective on shares of TechnipFMC plc Ordinary Share from $34.60 to $29.40 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Piper Jaffray Companies restated a “buy” rating and issued a $31.50 price target on shares of TechnipFMC plc Ordinary Share in a research report on Tuesday, September 26th. Cowen set a $32.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Friday, October 6th. Royal Bank of Canada set a $45.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Saturday, October 7th. Finally, Gabelli upgraded shares of TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.97.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) opened at $32.68 on Friday. TechnipFMC plc Ordinary Share has a 12 month low of $24.53 and a 12 month high of $35.00. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23.

Several hedge funds have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC lifted its stake in shares of TechnipFMC plc Ordinary Share by 10.9% in the 3rd 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 during the last quarter. Vanguard Group Inc. raised its holdings in TechnipFMC plc Ordinary Share by 3.4% in the 2nd 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 period. BlackRock Inc. raised its holdings in TechnipFMC plc Ordinary Share by 7.8% in the 2nd 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 period. State Street Corp raised its holdings in TechnipFMC plc Ordinary Share by 2.0% in the 2nd 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 period. Finally, APG Asset Management N.V. raised its holdings in TechnipFMC plc Ordinary Share by 16.5% in the 4th quarter. APG Asset Management N.V. now owns 8,455,789 shares of the oil and gas company’s stock worth $220,479,000 after acquiring an additional 1,198,300 shares during the period. 66.15% of the stock is owned by institutional investors and hedge funds.

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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)

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