FMC Technologies (FTI) : Zacks Investment Research ranks FMC Technologies (FTI) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 2.21, which indicates as a Buy.
FMC Technologies (FTI) : The most positive equity analysts on FMC Technologies (FTI) expects the shares to touch $47, whereas, the least positive believes that the stock will trade at $26 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $32.11 with an expected fluctuation of $5.68 from the mean.
Company shares have received an average consensus rating of Hold for the current week FMC Technologies (NYSE:FTI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.13 and $26.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.55, notching a gain of 2.12% for the day. The total traded volume was 4,143,196 . The stock had closed at $26.00 on the previous day.
In a related news,The officer (V.P., Technology) of Fmc Technologies Inc, Beitler Bradley D. sold 2,836 shares at $24.64 on February 18, 2016. The Insider selling transaction had a total value worth of $69,879. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.