TechnipFMC plc Ordinary Share (NYSE:FTI) has been assigned a $37.00 price objective by stock analysts at BMO Capital Markets in a report issued on Wednesday. The brokerage presently has a “hold” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 11.01% from the company’s previous close.
Several other analysts have also recently weighed in on the stock. Scotiabank set a $40.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research note on Saturday, April 1st. Royal Bank of Canada restated a “hold” rating and issued a $41.00 target price on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, March 22nd. JPMorgan Chase & Co. upgraded shares of TechnipFMC plc Ordinary Share from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $44.00 in a report on Monday, February 27th. Jefferies Group LLC assumed coverage on shares of TechnipFMC plc Ordinary Share in a report on Monday, February 6th. They issued a “hold” rating and a $34.00 target price on the stock. Finally, Barclays PLC assumed coverage on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, February 1st. They issued an “equal weight” rating and a $38.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. TechnipFMC plc Ordinary Share currently has an average rating of “Hold” and a consensus target price of $35.06.
TechnipFMC plc Ordinary Share (NYSE:FTI) traded down 1.53% during trading on Wednesday, reaching $32.82. The company’s stock had a trading volume of 1,020,053 shares. TechnipFMC plc Ordinary Share has a 12 month low of $30.61 and a 12 month high of $36.14. The company has a market cap of $3.90 billion, a P/E ratio of 13.13 and a beta of 1.01. The stock’s 50-day moving average is $32.35 and its 200 day moving average is $33.21.
In other news, insider Richard G. Alabaster sold 8,000 shares of the company’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $31.29, for a total transaction of $250,320.00. Following the transaction, the insider now owns 60,418 shares in the company, valued at $1,890,479.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Mellbye sold 10,140 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $33.02, for a total transaction of $334,822.80. Following the transaction, the director now owns 26,547 shares in the company, valued at approximately $876,581.94. The disclosure for this sale can be found here. Insiders have sold 50,140 shares of company stock worth $1,604,983 in the last quarter. Company insiders own 0.86% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Virtus Investment Advisers Inc. bought a new position in shares of TechnipFMC plc Ordinary Share during the third quarter valued at $178,000. Macquarie Group Ltd. increased its stake in TechnipFMC plc Ordinary Share by 8.3% in the fourth quarter. Macquarie Group Ltd. now owns 5,200 shares of the company’s stock valued at $185,000 after buying an additional 400 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in TechnipFMC plc Ordinary Share during the fourth quarter valued at approximately $207,000. Municipal Employees Retirement System of Michigan increased its stake in TechnipFMC plc Ordinary Share by 0.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,190 shares of the company’s stock valued at $213,000 after buying an additional 50 shares during the last quarter. Finally, Contravisory Investment Management Inc. increased its stake in TechnipFMC plc Ordinary Share by 33.2% in the first quarter. Contravisory Investment Management Inc. now owns 7,064 shares of the company’s stock valued at $230,000 after buying an additional 1,761 shares during the last quarter. Hedge funds and other institutional investors own 91.01% of the company’s stock.
TechnipFMC plc Ordinary Share Company Profile
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.
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