TechnipFMC plc Ordinary Share’s (FTI) “Hold” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their hold rating on shares of TechnipFMC plc Ordinary Share (NYSE:FTI) in a report published on Friday morning. They currently have a $37.00 target price on the oil and gas company’s stock.

FTI has been the topic of a number of other reports. Jefferies Group LLC initiated coverage on TechnipFMC plc Ordinary Share in a research note on Monday, February 6th. They set a hold rating and a $34.00 price objective 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 note on Monday, February 27th. JPMorgan Chase & Co. raised 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 research note on Monday, February 27th. BMO Capital Markets set a $37.00 target price on TechnipFMC plc Ordinary Share and gave the stock a hold rating in a research note on Wednesday, April 12th. Finally, Sanford C. Bernstein raised TechnipFMC plc Ordinary Share from an underperform rating to a market perform rating and set a $29.00 target price on the stock in a research note on Tuesday, May 16th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $35.18.

TechnipFMC plc Ordinary Share (FTI) traded up 0.672% during midday trading on Friday, hitting $29.195. The company’s stock had a trading volume of 680,572 shares. The stock has a 50 day moving average of $31.11 and a 200 day moving average of $33.09. TechnipFMC plc Ordinary Share has a 52-week low of $28.42 and a 52-week high of $36.14. The company has a market cap of $13.62 billion, a PE ratio of 17.513 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 TechnipFMC plc Ordinary Share stock in a transaction that occurred on Thursday, March 16th. The stock was 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 directly owns 77,678 shares of the company’s stock, valued at approximately $2,475,597.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bradley D. Beitler sold 12,000 shares of TechnipFMC plc Ordinary Share stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $32.00, for a total value of $384,000.00. Following the sale, the executive vice president now directly owns 87,886 shares in the company, valued at $2,812,352. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,000 shares of company stock worth $1,654,160. Insiders own 0.86% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. purchased a new stake in TechnipFMC plc Ordinary Share during the first quarter valued at $165,000. MAVEN SECURITIES Ltd purchased a new stake in TechnipFMC plc Ordinary Share during the first quarter valued at $174,000. Virtus Investment Advisers Inc. purchased a new stake in TechnipFMC plc Ordinary Share during the third quarter valued at $178,000. Macquarie Group Ltd. boosted its stake in TechnipFMC plc Ordinary Share by 8.3% in the fourth quarter. Macquarie Group Ltd. now owns 5,200 shares of the oil and gas company’s stock valued at $185,000 after buying an additional 400 shares during the last quarter. Finally, Johanson Financial Advisors Inc. purchased a new stake in TechnipFMC plc Ordinary Share during the first quarter valued at $201,000. 91.01% of the stock is currently owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FTI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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