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

Shares of TechnipFMC plc (NYSE:FTI) have been assigned a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $36.15.

FTI has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a research note on Friday, December 13th. They set a “buy” rating and a $38.00 price target on the stock. Citigroup increased their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada initiated coverage on shares of TechnipFMC in a research note on Monday, November 18th. They set an “outperform” rating and a $37.00 price target on the stock. Evercore ISI increased their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and raised their target price for the company from $29.00 to $40.00 in a research note on Friday, December 6th.

Institutional Trading of TechnipFMC

A number of hedge funds have recently bought and sold shares of FTI. Blue Trust Inc. boosted its holdings in TechnipFMC by 203.6% in the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 735 shares during the period. Smartleaf Asset Management LLC boosted its holdings in TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 525 shares during the period. Compagnie Lombard Odier SCmA bought a new stake in TechnipFMC in the 4th quarter valued at $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in TechnipFMC in the 4th quarter valued at $46,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,338 shares during the period. 96.58% of the stock is owned by institutional investors.

TechnipFMC Stock Performance

Shares of FTI opened at $29.06 on Friday. The company’s fifty day moving average is $30.71 and its 200-day moving average is $28.51. TechnipFMC has a 12 month low of $20.04 and a 12 month high of $33.45. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 19.12 and a beta of 1.52. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

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.