Goldman Sachs Group, Inc. (The) began coverage on shares of FMC Technologies, Inc. (NYSE:FTI) in a report issued on Tuesday morning. The firm issued a buy rating and a $40.00 price objective on the stock.
A number of other research firms have also recently weighed in on FTI. RBC Capital Markets reissued a hold rating and issued a $42.00 price objective on shares of FMC Technologies in a research report on Friday, January 6th. Guggenheim reaffirmed a buy rating on shares of FMC Technologies in a research report on Wednesday, December 7th. Barclays PLC reaffirmed a hold rating and set a $42.00 price target on shares of FMC Technologies in a research report on Tuesday, January 10th. Sanford C. Bernstein began coverage on FMC Technologies in a research report on Tuesday, January 17th. They set an underperform rating and a $27.00 price target for the company. Finally, Griffin Securities raised 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 research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. FMC Technologies has a consensus rating of Hold and an average target price of $32.75.
Shares of FMC Technologies (NYSE:FTI) traded up 0.71% during mid-day trading on Tuesday, reaching $35.50. The company’s stock had a trading volume of 744,793 shares. FMC Technologies has a 12-month low of $22.30 and a 12-month high of $37.09. The firm has a market cap of $4.23 billion, a P/E ratio of 7.71 and a beta of 0.99. The firm’s 50-day moving average price is $35.39 and its 200 day moving average price is $31.15.
Several large investors have recently bought and sold shares of FTI. Mizuho Asset Management Co. Ltd. raised its stake in FMC Technologies by 187.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,907 shares of the company’s stock worth $104,000 after buying an additional 2,547 shares during the period. Pacer Advisors Inc. raised its stake in FMC Technologies by 25.3% in the second quarter. Pacer Advisors Inc. now owns 4,534 shares of the company’s stock worth $121,000 after buying an additional 916 shares during the period. Mycio Wealth Partners LLC boosted its position in FMC Technologies by 13.9% in the second quarter. Mycio Wealth Partners LLC now owns 5,742 shares of the company’s stock worth $153,000 after buying an additional 700 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new position in FMC Technologies during the third quarter worth approximately $178,000. Finally, Euclid Advisors LLC acquired a new position in FMC Technologies during the second quarter worth approximately $160,000. Institutional investors and hedge funds own 90.66% of the company’s stock.
FMC Technologies Company Profile
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.