FMC Technologies Inc. (FTI) Shares Down 2.6%
FMC Technologies Inc. (NYSE:FTI)’s share price fell 2.6% on Thursday . The company traded as low as $27.46 and last traded at $27.46, with a volume of 2,582,529 shares traded. The stock had previously closed at $28.20.
Several equities research analysts recently commented on the stock. Capital One Financial Corp. raised shares of FMC Technologies from an “equal weight” rating to an “overweight” rating and set a $36.00 price objective on the stock in a research report on Thursday, August 25th. FBR & Co reaffirmed a “hold” rating on shares of FMC Technologies in a research report on Friday, May 20th. Jefferies Group reaffirmed a “hold” rating and issued a $29.00 price objective on shares of FMC Technologies in a research report on Friday, May 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $29.00 price objective on shares of FMC Technologies in a research report on Friday, May 20th. Finally, Barclays PLC cut shares of FMC Technologies from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $37.00 to $33.00 in a research report on Friday, May 20th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. FMC Technologies currently has a consensus rating of “Hold” and a consensus price target of $32.26.
The stock has a market capitalization of $6.25 billion and a P/E ratio of 39.64. The firm has a 50 day moving average price of $26.82 and a 200 day moving average price of $27.05.
FMC Technologies (NYSE:FTI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.30 by $0.08. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was down 32.2% on a year-over-year basis. On average, analysts forecast that FMC Technologies Inc. will post $0.92 earnings per share for the current year.
In other FMC Technologies news, VP Sanjay Bhatia sold 2,800 shares of FMC Technologies stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $28.44, for a total value of $79,632.00. Following the sale, the vice president now owns 48,943 shares of the company’s stock, valued at $1,391,938.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
A hedge fund recently raised its stake in FMC Technologies stock. KBC Group NV increased its stake in FMC Technologies Inc. (NYSE:FTI) by 59.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,312 shares of the company’s stock after buying an additional 32,078 shares during the period. KBC Group NV’s holdings in FMC Technologies were worth $2,504,000 as of its most recent SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.