FMC Technologies (FTI) Receives ‘Analyst’ Rating

FMC Technologies (FTI) : Zacks Investment Research ranks FMC Technologies (FTI) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 2.1, which indicates as a Buy.

FMC Technologies (FTI) : 20 Wall Street analysts covering FMC Technologies (FTI) believe that the average level the stock could reach for the short term is $32.4. The maximum price target given is $47 and the minimum target for short term is around $26, hence the standard deviation is calculated at $5.68.


Also, Equity analysts at the Brokerage firm Capital One Financial upgrades its rating on FMC Technologies (NYSE:FTI). The rating major has initiated the coverage with overweight rating on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. The rating by the firm was issued on August 25, 2016.

FMC Technologies (NYSE:FTI): After opening at $27.7, the stock dipped to an intraday low of $27.4 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.98 and the buying power remained strong till the end. The stock closed at $27.83 for the day, a gain of 0.80% for the day session. The total traded volume was 3,087,239. The stocks close on the previous trading day was $27.61.

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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