TechnipFMC plc (NYSE:FTI) Given Consensus Recommendation of “Buy” by Brokerages

TechnipFMC plc (NYSE:FTI) has been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $36.15.

Several equities analysts have weighed in on the stock. Susquehanna lifted their price objective on shares of TechnipFMC from $35.00 to $37.00 and gave the stock a “positive” rating in a research report on Friday, October 25th. Royal Bank of Canada assumed coverage on shares of TechnipFMC in a report on Monday, November 18th. They set an “outperform” rating and a $37.00 price target on the stock. Hsbc Global Res upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and boosted their price target for the company from $29.00 to $40.00 in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

TechnipFMC Trading Down 1.0 %

NYSE FTI opened at $30.49 on Friday. TechnipFMC has a twelve month low of $19.85 and a twelve month high of $33.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 20.06 and a beta of 1.52. The firm’s 50 day moving average price is $30.75 and its two-hundred day moving average price is $28.47.

Institutional Investors Weigh In On TechnipFMC

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. acquired a new position in TechnipFMC during the 3rd quarter worth $185,643,000. Ameriprise Financial Inc. lifted its position in TechnipFMC by 31.5% during the 4th quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company’s stock worth $478,620,000 after acquiring an additional 3,962,315 shares during the last quarter. Norges Bank acquired a new position in TechnipFMC during the 4th quarter worth $96,808,000. Anomaly Capital Management LP lifted its position in TechnipFMC by 46.5% during the 4th quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company’s stock worth $210,295,000 after acquiring an additional 2,306,342 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in TechnipFMC during the 3rd quarter worth $49,273,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.