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

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) have been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $34.95.

A number of research firms have commented on FTI. Credit Suisse Group AG began coverage on TechnipFMC plc Ordinary Share in a research report on Wednesday, January 25th. They set an “outperform” rating and a $40.00 target price on the stock. Jefferies Group LLC began coverage on TechnipFMC plc Ordinary Share in a research report on Monday, February 6th. They set a “hold” rating and a $34.00 target price on the stock. Sanford C. Bernstein began coverage on TechnipFMC plc Ordinary Share in a research report on Tuesday, January 17th. They set an “underperform” rating and a $27.00 target price on the stock. Scotiabank set a $40.00 target price on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Monday, February 27th. Finally, Barclays PLC began coverage on TechnipFMC plc Ordinary Share in a research report on Wednesday, February 1st. They set an “equal weight” rating and a $38.00 target price on the stock.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) opened at 31.39 on Thursday. The company’s 50 day moving average price is $32.40 and its 200-day moving average price is $32.62. The firm has a market capitalization of $3.73 billion, a P/E ratio of 12.71 and a beta of 1.01. TechnipFMC plc Ordinary Share has a 12 month low of $30.61 and a 12 month high of $36.14.

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In related news, Director Peter Mellbye sold 10,140 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $33.02, for a total transaction of $334,822.80. Following the transaction, the director now directly owns 26,547 shares in the company, valued at $876,581.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark J. Scott sold 32,000 shares of the stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $31.87, for a total value of $1,019,840.00. Following the transaction, the executive vice president now owns 77,678 shares in the company, valued at $2,475,597.86. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FTI. Virtus Investment Advisers Inc. acquired a new position in TechnipFMC plc Ordinary Share during the third quarter valued at $178,000. Bessemer Group Inc. increased its position in TechnipFMC plc Ordinary Share by 9,192.9% in the fourth quarter. Bessemer Group Inc. now owns 64,586 shares of the company’s stock valued at $2,295,000 after buying an additional 63,891 shares during the period. OZ Management LP acquired a new position in TechnipFMC plc Ordinary Share during the third quarter valued at $19,929,000. Asset Management One Co. Ltd. increased its position in TechnipFMC plc Ordinary Share by 1,390.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 515,624 shares of the company’s stock valued at $18,321,000 after buying an additional 481,039 shares during the period. Finally, KCG Holdings Inc. increased its position in TechnipFMC plc Ordinary Share by 6.2% in the third quarter. KCG Holdings Inc. now owns 49,647 shares of the company’s stock valued at $1,473,000 after buying an additional 2,884 shares during the period. Hedge funds and other institutional investors own 91.01% of the company’s stock.

About TechnipFMC plc Ordinary Share

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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