TechnipFMC plc Ordinary Share (FTI) Earns Hold Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their hold rating on shares of TechnipFMC plc Ordinary Share (NYSE:FTI) in a research report released on Wednesday. They currently have a $41.00 target price on the stock.

Several other brokerages have also recently commented on FTI. BMO Capital Markets set a $37.00 target price on shares of TechnipFMC plc Ordinary Share and gave the stock a hold rating in a report on Wednesday, March 1st. JPMorgan Chase & Co. raised shares of TechnipFMC plc Ordinary Share from a neutral rating to an overweight rating and raised their target price for the stock from $38.00 to $44.00 in a report on Monday, February 27th. Guggenheim reaffirmed a buy rating on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, December 7th. Barclays PLC reaffirmed a hold rating and set a $42.00 target price on shares of TechnipFMC plc Ordinary Share in a report on Tuesday, January 10th. Finally, Griffin Securities raised shares of TechnipFMC plc Ordinary Share from a neutral rating to a buy rating and set a $46.00 target price on the stock in a report on Wednesday, November 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. TechnipFMC plc Ordinary Share presently has a consensus rating of Hold and an average price target of $34.89.

TechnipFMC plc Ordinary Share (NYSE:FTI) opened at 31.30 on Wednesday. The company has a 50-day moving average of $32.09 and a 200 day moving average of $32.72. TechnipFMC plc Ordinary Share has a 52-week low of $30.61 and a 52-week high of $36.14. The company has a market cap of $3.71 billion, a PE ratio of 12.44 and a beta of 1.01.

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In other TechnipFMC plc Ordinary Share 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 value of $1,019,840.00. Following the sale, the executive vice president now owns 77,678 shares in the company, valued at $2,475,597.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Mellbye sold 10,140 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $33.02, for a total transaction of $334,822.80. Following the completion of the sale, the director now owns 26,547 shares in the company, valued at approximately $876,581.94. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of TechnipFMC plc Ordinary Share during the fourth quarter worth $73,259,000. Hanlon Investment Management Inc. bought a new stake in shares of TechnipFMC plc Ordinary Share during the fourth quarter worth $2,887,000. Thrivent Financial for Lutherans raised its stake in shares of TechnipFMC plc Ordinary Share by 7.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,900 shares of the company’s stock worth $281,000 after buying an additional 550 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of TechnipFMC plc Ordinary Share during the fourth quarter worth $711,000. Finally, Barings LLC raised its stake in shares of TechnipFMC plc Ordinary Share by 528.4% in the fourth quarter. Barings LLC now owns 93,712 shares of the company’s stock worth $3,330,000 after buying an additional 78,800 shares in the last quarter. Hedge funds and other institutional investors own 91.01% of the company’s stock.

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.

5 Day Chart for NYSE:FTI

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