November 23, 2016 - By Michael Collier
In a analysts note issued to investors and clients on Wednesday, 23 November, Griffin Securities stated it was upgrading FMC Technologies (NYSE:FTI) stock from a “Neutral” to a “Buy”. The firm has $46.00 target price on FTI’s stock.
Out of 23 analysts covering FMC Technologies (NYSE:FTI), 12 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 52% are positive. $45 is the highest target while $8.50 is the lowest. The $31.48 average target is -9.15% below today’s ($34.65) stock price. FMC Technologies has been the topic of 50 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Cowen & Co maintained it with “Outperform” rating and $42 target price in Thursday, July 23 report. The stock has “Overweight” rating given by CapitalOne on Thursday, August 25. The firm has “Outperform” rating given on Thursday, August 6 by National Bank Canada. The firm has “Neutral” rating given on Monday, October 5 by Citigroup. The company was upgraded on Thursday, August 25 by Capital One. On Friday, May 20 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. On Wednesday, September 9 the stock rating was maintained by Macquarie Research with “Neutral”. The firm earned “Buy” rating on Monday, December 14 by KLR Group. Cowen & Co maintained the shares of FTI in a report on Thursday, April 28 with “Outperform” rating. The firm has “Sector Perform” rating given on Thursday, April 28 by RBC Capital Markets.
About 1.94 million shares traded hands. FMC Technologies, Inc. (NYSE:FTI) has risen 20.35% since April 21, 2016 and is uptrending. It has outperformed by 15.02% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 0.23, from 1.09 in 2016Q1. The ratio fall, as 42 funds sold all FMC Technologies, Inc. shares owned while 128 reduced positions. 46 funds bought stakes while 140 increased positions. They now own 199.99 million shares or 2.86% less from 205.87 million shares in 2016Q1.
The Texas-based Teacher Retirement Systems Of Texas has invested 0.03% in FMC Technologies, Inc. (NYSE:FTI). Nelson Roberts Inv Advisors Llc reported 400 shares or 0% of all its holdings. The Massachusetts-based Rhumbline Advisers has invested 0.03% in FMC Technologies, Inc. (NYSE:FTI). British Columbia Inv Mngmt Corporation reported 86,893 shares or 0.02% of all its holdings. Advantus Mngmt holds 0.02% or 21,911 shares in its portfolio. Quantbot Technologies Limited Partnership accumulated 0.03% or 11,932 shares. Sg Americas Securities Ltd Liability Corp last reported 0% of its portfolio in the stock. Amica Pension Fund Board Of Trustees has invested 0.14% of its portfolio in FMC Technologies, Inc. (NYSE:FTI). Zurcher Kantonalbank (Zurich Cantonalbank) last reported 27,419 shares in the company. Fairpointe Cap Ltd Com last reported 5.23 million shares in the company. Engy Opportunities Capital Mngmt Llc has 3.31% invested in the company for 411,421 shares. Moreover, Van Eck Associate Corp has 0.21% invested in FMC Technologies, Inc. (NYSE:FTI) for 1.56M shares. Nordea has 16,206 shares for 0% of their US portfolio. Tx has invested 0.12% of its portfolio in FMC Technologies, Inc. (NYSE:FTI). Nikko Asset Mgmt Americas accumulated 0.54% or 220,832 shares.
Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 1 insider sale for $79,633 net activity. Bhatia Sanjay sold $79,633 worth of stock.
FMC Technologies, Inc. is a global provider of technology solutions for the energy industry. The company has a market cap of $7.74 billion. The Firm designs, makes 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. It has a 66.49 P/E ratio. The Company’s divisions include Subsea Technologies, Surface Technologies and Energy Infrastructure.
According to Zacks Investment Research, “FMC Technologies, Inc. designs, manufactures and services technologically sophisticated systems and products for customers through their Energy Production Systems, Energy Processing Systems, FoodTech and Airport Systems segments.”
FMC Technologies, Inc., incorporated on November 13, 2000, is a global well-known provider of technology solutions for the energy industry. The Firm designs, makes 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 for the energy industry. The Company’s divisions include Subsea Technologies, Surface Technologies and Energy Infrastructure.
More news for FMC Technologies, Inc. (NYSE:FTI) were recently published by: Bizjournals.com, which released: “FMC Technologies, Technip to hold shareholder meetings for merger vote” on October 26, 2016. Streetinsider.com‘s article titled: “Form 4 FMC TECHNOLOGIES INC For: Nov 18 Filed by: Bhatia Sanjay” and published on November 22, 2016 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.