Brokerages Set FTS International Inc (NYSE:FTSI) Target Price at $8.46

Shares of FTS International Inc (NYSE:FTSI) have earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $8.46.

FTSI has been the subject of a number of research analyst reports. Wells Fargo & Co reissued a “hold” rating on shares of FTS International in a research note on Thursday, June 27th. Piper Jaffray Companies cut FTS International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $9.25 to $6.00 in a research note on Tuesday, June 25th. Capital One Financial cut FTS International from an “overweight” rating to an “equal weight” rating in a research note on Monday. Citigroup cut FTS International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $8.00 to $6.00 in a research note on Tuesday, July 2nd. Finally, Morgan Stanley decreased their target price on FTS International from $13.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, July 12th.

Shares of FTS International stock opened at $3.14 on Tuesday. FTS International has a 12 month low of $2.78 and a 12 month high of $13.65. The company has a current ratio of 2.95, a quick ratio of 2.49 and a debt-to-equity ratio of 8.49. The firm has a market capitalization of $319.47 million, a PE ratio of 1.33, a PEG ratio of 2.10 and a beta of 1.54. The business’s fifty day moving average is $4.92.

FTS International (NYSE:FTSI) last posted its earnings results on Tuesday, July 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). FTS International had a net margin of 2.62% and a return on equity of 130.74%. The business had revenue of $225.80 million during the quarter, compared to analyst estimates of $236.09 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The firm’s revenue was down 54.2% on a year-over-year basis. As a group, research analysts predict that FTS International will post 0.21 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of FTS International by 839.5% during the second quarter. Russell Investments Group Ltd. now owns 40,400 shares of the company’s stock worth $225,000 after buying an additional 36,100 shares during the period. Hikari Power Ltd acquired a new position in shares of FTS International during the second quarter worth about $104,000. JPMorgan Chase & Co. boosted its position in shares of FTS International by 20.7% during the second quarter. JPMorgan Chase & Co. now owns 2,207,850 shares of the company’s stock worth $12,674,000 after buying an additional 378,516 shares during the period. Stone Ridge Asset Management LLC boosted its position in shares of FTS International by 10.0% during the second quarter. Stone Ridge Asset Management LLC now owns 43,017 shares of the company’s stock worth $240,000 after buying an additional 3,900 shares during the period. Finally, Swiss National Bank boosted its position in shares of FTS International by 60.5% during the second quarter. Swiss National Bank now owns 61,000 shares of the company’s stock worth $340,000 after buying an additional 23,000 shares during the period. 66.42% of the stock is owned by institutional investors.

About FTS International

FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.

Featured Story: Producer Price Index (PPI)

Analyst Recommendations for FTS International (NYSE:FTSI)

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



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit