FMC Technologies Inc. (NYSE:FTI) saw unusually-strong trading volume on Thursday . Approximately 3,719,220 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 2,996,954 shares.The stock last traded at $27.16 and had previously closed at $27.74.

A number of equities analysts have issued reports on FTI shares. Barclays PLC lowered FMC Technologies to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Thursday, May 26th. Cowen and Company reaffirmed an “outperform” rating and issued a $35.00 target price (up from $29.00) on shares of FMC Technologies in a research report on Thursday, April 28th. Jefferies Group set a $29.00 target price on FMC Technologies and gave the company a “hold” rating in a research report on Wednesday. Royal Bank Of Canada upped their target price on FMC Technologies from $29.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, April 28th. Finally, FBR & Co reaffirmed a “hold” rating on shares of FMC Technologies in a research report on Friday, May 20th. Twenty investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.82.

The firm has a market capitalization of $5.91 billion and a PE ratio of 37.31. The stock has a 50 day moving average of $26.92 and a 200 day moving average of $26.61.

FMC Technologies (NYSE:FTI) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.08. The business earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the firm posted $0.52 EPS. The business’s revenue was down 32.2% on a year-over-year basis. On average, analysts predict that FMC Technologies Inc. will post $1.03 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in FTI. Sei Investments Co. boosted its stake in FMC Technologies by 146.3% in the fourth quarter. Sei Investments Co. now owns 45,936 shares of the company’s stock valued at $1,332,000 after buying an additional 27,282 shares during the period. California Public Employees Retirement System boosted its stake in FMC Technologies by 1.8% in the fourth quarter. California Public Employees Retirement System now owns 618,100 shares of the company’s stock valued at $17,931,000 after buying an additional 11,000 shares during the period. ProShare Advisors LLC boosted its stake in FMC Technologies by 5.0% in the fourth quarter. ProShare Advisors LLC now owns 51,039 shares of the company’s stock valued at $1,481,000 after buying an additional 2,450 shares during the period. Comerica Bank boosted its stake in FMC Technologies by 23.4% in the fourth quarter. Comerica Bank now owns 141,144 shares of the company’s stock valued at $3,670,000 after buying an additional 26,810 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in FMC Technologies by 7.5% in the fourth quarter. New York State Common Retirement Fund now owns 569,500 shares of the company’s stock valued at $16,521,000 after buying an additional 39,600 shares during the period.

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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