FMC Technologies, Inc. (FTI) Research Coverage Started at HSBC Holdings plc

HSBC Holdings plc began coverage on shares of FMC Technologies, Inc. (NYSE:FTI) in a research note published on Monday morning, MarketBeat Ratings reports. The brokerage issued a hold rating and a $26.00 price target on the oil and gas company’s stock.

A number of other research analysts have also commented on the company. ValuEngine lowered FMC Technologies from a buy rating to a hold rating in a report on Friday, June 2nd. Morgan Stanley reaffirmed an overweight rating and issued a $43.00 price objective (down from $45.00) on shares of FMC Technologies in a report on Thursday, June 22nd. Cowen and Company reaffirmed a buy rating and issued a $32.00 price objective on shares of FMC Technologies in a report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a hold rating and issued a $37.00 price objective on shares of FMC Technologies in a report on Friday, June 2nd. Finally, Sanford C. Bernstein upgraded FMC Technologies from an underperform rating to a market perform rating and set a $29.00 target price for the company in a research report on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. FMC Technologies presently has a consensus rating of Hold and a consensus target price of $34.94.

FMC Technologies (FTI) opened at 26.69 on Monday. FMC Technologies has a one year low of $25.17 and a one year high of $37.09. The firm’s 50 day moving average price is $26.49 and its 200-day moving average price is $29.35. The company has a market capitalization of $12.47 billion, a PE ratio of 32.28 and a beta of 0.93.

FMC Technologies (NYSE:FTI) last issued its quarterly earnings data 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 analyst estimates of $3.80 billion. Equities analysts forecast that FMC Technologies will post $1.06 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the stock. Achmea Investment Management B.V. bought a new stake in shares of FMC Technologies during the 2nd quarter worth $1,227,000. Kimelman & Baird LLC bought a new stake in shares of FMC Technologies during the 2nd quarter worth $408,000. Sentry Investment Management LLC lifted its position in shares of FMC Technologies by 102.0% during the 2nd quarter. Sentry Investment Management LLC now owns 19,163 shares of the oil and gas company’s stock worth $521,000 after buying an additional 9,677 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of FMC Technologies by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 157,776 shares of the oil and gas company’s stock worth $4,291,000 after buying an additional 32,120 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of FMC Technologies during the 2nd quarter worth $313,000. Institutional investors and hedge funds own 65.36% of the company’s stock.

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.

Analyst Recommendations for FMC Technologies (NYSE:FTI)

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