The FY2017 EPS Estimates for FMC Technologies Inc. Lifted by Analyst (FTI)

The FY2017 EPS Estimates for FMC Technologies Inc. Lifted by Analyst (FTI)

FMC Technologies Inc. (NYSE:FTI) – Investment analysts at KeyCorp raised their FY2017 EPS estimates for FMC Technologies in a research note issued on Tuesday. KeyCorp analyst R. Shoemaker now forecasts that the brokerage will earn $1.65 per share for the year, up from their previous forecast of $0.95.

Several other research analysts have also recently issued reports on the company. Sanford C. Bernstein assumed coverage on FMC Technologies in a research note on Tuesday. They issued an “underperform” rating and a $27.00 price objective for the company. Barclays PLC reiterated a “hold” rating and set a $42.00 price target on shares of FMC Technologies in a research report on Tuesday, January 10th. RBC Capital Markets reiterated a “hold” rating and set a $42.00 price target on shares of FMC Technologies in a research report on Friday, January 6th. Guggenheim reiterated a “buy” rating on shares of FMC Technologies in a research report on Wednesday, December 7th. Finally, Griffin Securities upgraded FMC Technologies from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Wednesday, November 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $32.22.

Shares of FMC Technologies (NYSE:FTI) traded down 1.761% on Thursday, hitting $34.305. The company had a trading volume of 5,147,712 shares. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 74.253 and a beta of 0.99. The stock’s 50-day moving average is $35.58 and its 200 day moving average is $30.86. FMC Technologies has a 52 week low of $22.30 and a 52 week high of $37.09.

A number of institutional investors have recently added to or reduced their stakes in FTI. UBS Group AG raised its position in FMC Technologies by 4,328.9% in the third quarter. UBS Group AG now owns 4,250,357 shares of the company’s stock worth $126,108,000 after buying an additional 4,154,389 shares during the period. APG Asset Management N.V. raised its position in FMC Technologies by 295.3% in the third quarter. APG Asset Management N.V. now owns 2,351,080 shares of the company’s stock worth $69,757,000 after buying an additional 1,756,327 shares during the period. Key Group Holdings Cayman LTD. raised its position in FMC Technologies by 6,824.5% in the second quarter. Key Group Holdings Cayman LTD. now owns 1,391,825 shares of the company’s stock worth $37,120,000 after buying an additional 1,371,725 shares during the period. Arrowgrass Capital Partners US LP bought a new position in FMC Technologies during the third quarter worth $40,203,000. Finally, Platinum Investment Management Ltd. bought a new position in FMC Technologies during the third quarter worth $37,838,000. 89.59% of the stock is currently owned by 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.

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