FMC Technologies (NYSE:FTI) was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
FMC Technologies (NYSE:FTI) opened at 51.13 on Monday. FMC Technologies has a 52-week low of $39.25 and a 52-week high of $59.27. The stock’s 50-day moving average is $54.18 and its 200-day moving average is $54.47. The company has a market cap of $12.179 billion and a P/E ratio of 27.64.
FMC Technologies (NYSE:FTI) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.06. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Analysts expect that FMC Technologies will post $2.12 EPS for the current fiscal year.
FTI has been the subject of a number of other recent research reports. Analysts at UBS AG cut their price target on shares of FMC Technologies from $66.00 to $62.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of FMC Technologies from $64.00 to $62.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of FMC Technologies from $57.00 to $55.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Thirteen research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $62.28.
FMC Technologies, Inc designs, manufactures and services systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems for the energy industry.
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