Price Target Update on FMC Technologies (NYSE:FTI)

FMC Technologies (NYSE:FTI) stock is expected to deviate a maximum of $5.18 from the average target price of $32.8 for the short term period. 20 Street Experts have initiated coverage on the stock with the most promising target being $47 and the most muted being $26.

Other Equity analysts have also commented on the company shares. Brokerage firm Barclays downgrades its rating on FMC Technologies (NYSE:FTI). As per the latest information, the brokerage house lowers the price target to $33 per share from a prior target of $37. The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on May 20, 2016.

FMC Technologies (NYSE:FTI): stock turned positive on Thursday. Though the stock opened at $27.99, the bulls momentum made the stock top out at $28.17 level for the day. The stock recorded a low of $27.76 and closed the trading day at $28.11, in the green by 1.85%. The total traded volume for the day was 2,338,580. The stock had closed at $27.6 in the previous days trading.

The company shares have dropped -34.64% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $42.50 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.59 and the 200 Day Moving Average price is recorded at $27.03. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Beitler Bradley D., officer (V.P., Technology) of Fmc Technologies Inc, had unloaded 2,836 shares at an average price of $24.64 in a transaction dated on February 18, 2016. The total value of the transaction was worth $69,879.

FMC Technologies, Inc. is a provider of technology solutions for the energy industry. The Companys segments include Subsea Technologies, Surface Technologies and Energy Infrastructure. Subsea Technologies designs and manufactures products and systems and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. Surface Technologies designs and manufactures systems and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and gas; designs, manufactures and supplies high pressure valves and fittings for oilfield service companies, and also provides flowback and wireline services for exploration companies. Energy Infrastructure manufactures and supplies liquid and gas measurement and transportation equipment and systems for the production, transportation and processing of crude oil, natural gas and petroleum-based refined products and the mining industry.

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