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.
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.
Receive News & Ratings for FMC Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.