Brokerages Set TechnipFMC plc Ordinary Share (FTI) PT at $34.95

TechnipFMC plc Ordinary Share (NYSE:FTI) has earned a consensus rating of “Hold” from the twenty-one research firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a 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 $34.95.

Several equities analysts have recently issued reports on the stock. Credit Suisse Group AG assumed coverage on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, January 25th. They set an “outperform” rating and a $40.00 price objective on the stock. Jefferies Group LLC assumed coverage on shares of TechnipFMC plc Ordinary Share in a report on Monday, February 6th. They set a “hold” rating and a $34.00 price objective on the stock. Sanford C. Bernstein assumed coverage on shares of TechnipFMC plc Ordinary Share in a report on Tuesday, January 17th. They set an “underperform” rating and a $27.00 price objective on the stock. Scotiabank set a $40.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a report on Monday, February 27th. Finally, Barclays PLC assumed coverage on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, February 1st. They set an “equal weight” rating and a $38.00 price objective on the stock.

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TechnipFMC plc Ordinary Share (NYSE:FTI) opened at 31.39 on Thursday. TechnipFMC plc Ordinary Share has a one year low of $30.61 and a one year high of $36.14. The stock has a market cap of $3.73 billion, a P/E ratio of 12.71 and a beta of 1.01. The firm’s 50-day moving average is $32.40 and its 200 day moving average is $32.62.

In other news, EVP Mark J. Scott sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $31.87, for a total transaction of $1,019,840.00. Following the sale, the executive vice president now owns 77,678 shares of the company’s stock, valued at approximately $2,475,597.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Mellbye sold 10,140 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $33.02, for a total transaction of $334,822.80. Following the sale, the director now directly owns 26,547 shares in the company, valued at approximately $876,581.94. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. DnB Asset Management AS boosted its stake in shares of TechnipFMC plc Ordinary Share by 0.3% in the third quarter. DnB Asset Management AS now owns 14,936 shares of the company’s stock worth $443,000 after buying an additional 50 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of 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 worth $213,000 after buying an additional 50 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of TechnipFMC plc Ordinary Share by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,938 shares of the company’s stock worth $460,000 after buying an additional 52 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of TechnipFMC plc Ordinary Share by 0.5% in the third quarter. Capstone Asset Management Co. now owns 15,852 shares of the company’s stock worth $470,000 after buying an additional 76 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of TechnipFMC plc Ordinary Share by 0.4% in the third quarter. Advantus Capital Management Inc now owns 21,998 shares of the company’s stock worth $653,000 after buying an additional 87 shares during the last quarter. 91.01% of the stock is currently owned by institutional investors and hedge funds.

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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