TechnipFMC plc Ordinary Share (FTI) Receives $32.47 Consensus PT from Brokerages

TechnipFMC plc Ordinary Share (NYSE:FTI) has received an average rating of “Hold” from the twenty-four ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $32.47.

A number of equities research analysts have recently issued reports on the stock. Societe Generale cut shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Susquehanna Bancshares set a $39.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research note on Friday, January 12th. ValuEngine cut shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Royal Bank of Canada set a $34.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, Goldman Sachs Group cut shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Monday, November 13th.

A number of large investors have recently bought and sold shares of FTI. First Eagle Investment Management LLC raised its holdings in TechnipFMC plc Ordinary Share by 10.9% during 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 buying an additional 3,347,874 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in TechnipFMC plc Ordinary Share by 720.6% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,071,894 shares of the oil and gas company’s stock valued at $64,871,000 after buying an additional 1,819,407 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter valued at $45,311,000. APG Asset Management N.V. raised its holdings in TechnipFMC plc Ordinary Share by 26.1% during the 3rd quarter. APG Asset Management N.V. now owns 7,257,489 shares of the oil and gas company’s stock valued at $202,629,000 after buying an additional 1,500,600 shares during the last quarter. Finally, Sirios Capital Management L P bought a new position in TechnipFMC plc Ordinary Share in the 4th quarter worth $37,133,000. Institutional investors own 65.96% of the company’s stock.

Shares of TechnipFMC plc Ordinary Share (NYSE FTI) traded up $0.94 during trading on Friday, hitting $30.16. 3,606,304 shares of the stock were exchanged, compared to its average volume of 3,754,591. TechnipFMC plc Ordinary Share has a 12 month low of $24.53 and a 12 month high of $35.00. The stock has a market cap of $13,630.00 and a PE ratio of -37.55. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

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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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