FMC Technologies Inc. (NYSE:FTI) shares gapped up prior to trading on Monday . The stock had previously closed at $25.62, but opened at $25.75. FMC Technologies shares last traded at $26.01, with a volume of 2,183,319 shares trading hands.

FTI has been the subject of a number of analyst reports. Barclays PLC downgraded FMC Technologies to a “neutral” rating and set a $33.00 price target for the company. in a report on Thursday, May 26th. Cowen and Company reaffirmed an “outperform” rating and set a $35.00 target price (up previously from $29.00) on shares of FMC Technologies in a report on Thursday, April 28th. Simmons reaffirmed an “overweight” rating and set a $29.00 target price (up previously from $27.00) on shares of FMC Technologies in a report on Monday, July 25th. Jefferies Group set a $29.00 target price on FMC Technologies and gave the stock a “hold” rating in a report on Wednesday, July 20th. Finally, Royal Bank Of Canada increased their target price on FMC Technologies from $29.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, April 28th. Sixteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.90.

The firm has a market capitalization of $5.87 billion and a price-to-earnings ratio of 37.22. The company has a 50 day moving average of $26.24 and a 200 day moving average of $26.60.

FMC Technologies (NYSE:FTI) last issued its earnings results on Wednesday, July 20th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.08. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.26 billion. FMC Technologies’s quarterly revenue was down 32.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Equities analysts expect that FMC Technologies Inc. will post $0.94 EPS for the current year.

A number of hedge funds recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of FMC Technologies by 0.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 58,859 shares of the company’s stock worth $1,707,000 after buying an additional 338 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of FMC Technologies by 0.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 68,084 shares of the company’s stock worth $1,975,000 after buying an additional 500 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of FMC Technologies by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 70,358 shares of the company’s stock worth $2,041,000 after buying an additional 1,311 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of FMC Technologies by 0.7% in the fourth quarter. OppenheimerFunds Inc. now owns 217,579 shares of the company’s stock worth $6,314,000 after buying an additional 1,609 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of FMC Technologies by 2.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 131,530 shares of the company’s stock worth $3,816,000 after buying an additional 3,210 shares in the last quarter.

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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