Barclays PLC reiterated their hold rating on shares of FMC Technologies, Inc. (NYSE:FTI) in a research note released on Tuesday. They currently have a $42.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Guggenheim reaffirmed a buy rating on shares of FMC Technologies in a report on Wednesday, December 7th. Griffin Securities raised FMC Technologies from a neutral rating to a buy rating and set a $46.00 price objective on the stock in a report on Wednesday, November 23rd. RBC Capital Markets reaffirmed a hold rating and set a $42.00 price objective on shares of FMC Technologies in a report on Friday, January 6th. J P Morgan Chase & Co reaffirmed a hold rating and set a $31.00 price objective on shares of FMC Technologies in a report on Thursday, November 3rd. Finally, Jefferies Group set a $33.00 price target on FMC Technologies and gave the company a hold rating in a research note on Monday, October 24th. Fifteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. FMC Technologies currently has a consensus rating of Hold and a consensus target price of $32.44.

Analyst Recommendations for FMC Technologies (NYSE:FTI)

Shares of FMC Technologies (NYSE:FTI) traded down 0.708% on Tuesday, hitting $35.745. The stock had a trading volume of 6,011,810 shares. FMC Technologies has a one year low of $22.30 and a one year high of $37.09. The firm has a 50 day moving average price of $35.41 and a 200 day moving average price of $30.58. The company has a market capitalization of $8.07 billion, a P/E ratio of 77.370 and a beta of 0.99.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.12. FMC Technologies had a return on equity of 10.93% and a net margin of 2.25%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The business’s revenue for the quarter was down 29.4% compared to the same quarter last year. On average, equities research analysts predict that FMC Technologies will post $1.06 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its stake in FMC Technologies by 0.3% in the second quarter. HighTower Advisors LLC now owns 9,686 shares of the company’s stock valued at $258,000 after buying an additional 32 shares in the last quarter. DnB Asset Management AS boosted its stake in FMC Technologies by 0.3% in the third quarter. DnB Asset Management AS now owns 14,936 shares of the company’s stock valued at $443,000 after buying an additional 50 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in FMC Technologies by 0.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,190 shares of the company’s stock valued at $213,000 after buying an additional 50 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in FMC Technologies by 0.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 17,466 shares of the company’s stock valued at $518,000 after buying an additional 69 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of FMC Technologies by 0.5% in the third quarter. Capstone Asset Management Co. now owns 15,852 shares of the company’s stock worth $470,000 after buying an additional 76 shares during the period. 89.54% of the stock is owned by hedge funds and other institutional investors.

About FMC Technologies

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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