TechnipFMC plc Ordinary Share (FTI) Given a $34.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $34.00 target price on TechnipFMC plc Ordinary Share (NYSE:FTI) in a report released on Thursday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.

Other research analysts have also issued research reports about the company. Citigroup dropped their target price on TechnipFMC plc Ordinary Share from $34.60 to $29.40 and set a neutral rating on the stock in a report on Monday, September 18th. assumed coverage on TechnipFMC plc Ordinary Share in a report on Monday, September 11th. They issued a hold rating and a $26.00 target price on the stock. Cowen set a $32.00 target price on TechnipFMC plc Ordinary Share and gave the company a buy rating in a report on Friday, October 6th. Societe Generale assumed coverage on TechnipFMC plc Ordinary Share in a report on Thursday, November 16th. They issued a buy rating and a $38.00 target price on the stock. Finally, HSBC lowered TechnipFMC plc Ordinary Share from a hold rating to a reduce rating and set a $26.00 target price on the stock. in a report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $33.03.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) opened at $31.15 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. TechnipFMC plc Ordinary Share has a one year low of $24.53 and a one year high of $37.09. The company has a market capitalization of $14,371.03, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90.

TechnipFMC plc Ordinary Share (NYSE:FTI) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the previous year, the business earned $0.22 earnings per share. The business’s revenue for the quarter was up 74.3% on a year-over-year basis. equities research analysts expect that TechnipFMC plc Ordinary Share will post 1.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.52 dividend on an annualized basis and a yield of 1.67%.

A number of institutional investors have recently modified their holdings of the stock. GeoSphere Capital Management bought a new stake in TechnipFMC plc Ordinary Share during the third quarter worth $1,396,000. Moors & Cabot Inc. lifted its holdings in TechnipFMC plc Ordinary Share by 21.5% during the third quarter. Moors & Cabot Inc. now owns 22,945 shares of the oil and gas company’s stock worth $640,000 after acquiring an additional 4,055 shares during the period. Sterling Capital Management LLC lifted its holdings in TechnipFMC plc Ordinary Share by 6.0% during the third quarter. Sterling Capital Management LLC now owns 82,720 shares of the oil and gas company’s stock worth $2,310,000 after acquiring an additional 4,700 shares during the period. Point72 Asset Management L.P. bought a new stake in TechnipFMC plc Ordinary Share during the third quarter worth $45,311,000. Finally, Bank of Nova Scotia Trust Co. bought a new stake in TechnipFMC plc Ordinary Share during the third quarter worth $192,000. Institutional investors and hedge funds own 65.55% of the company’s stock.

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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.

Analyst Recommendations for TechnipFMC plc Ordinary Share (NYSE:FTI)

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