FMC Technologies (FTI) Receives Price Target

FMC Technologies (FTI) : The consensus price target for FMC Technologies (FTI) is $32.28 for the short term with a standard deviation of $5.87. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $47, however, the pessimist price target for the company is $26.

FMC Technologies (FTI) : 19 analysts are covering FMC Technologies (FTI) and their average rating on the stock is 2.11, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. FMC Technologies (FTI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Major Brokerage house, Capital One Financial upgrades its ratings on FMC Technologies (NYSE:FTI). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on August 25, 2016.

FMC Technologies (NYSE:FTI): The stock opened at $28.25 on Thursday but the bulls could not build on the opening and the stock topped out at $28.34 for the day. The stock traded down to $27.41 during the day, due to lack of any buying support eventually closed down at $27.71 with a loss of -1.74% for the day. The stock had closed at $28.20 on the previous day. The total traded volume was 3,451,476 shares.

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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