FMC Technologies, Inc. (FTI) Research Coverage Started at Goldman Sachs Group, Inc. (The)

FMC Technologies, Inc. (FTI) Research Coverage Started at Goldman Sachs Group, Inc. (The)

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.

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