TechnipFMC (NYSE:FTI - Get Free Report) is expected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect TechnipFMC to post earnings of $0.36 per share and revenue of $2.30 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.
TechnipFMC Price Performance
Shares of TechnipFMC stock traded down $1.42 during trading on Friday, hitting $29.06. 4,306,782 shares of the company were exchanged, compared to its average volume of 2,837,194. TechnipFMC has a fifty-two week low of $20.04 and a fifty-two week high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $30.71 and a 200 day moving average price of $28.49. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 19.12 and a beta of 1.52.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FTI. Evercore ISI upped their price objective on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Susquehanna raised their price target on shares of TechnipFMC from $35.00 to $37.00 and gave the stock a "positive" rating in a research note on Friday, October 25th. TD Cowen reissued a "buy" rating and issued a $37.00 price objective on shares of TechnipFMC in a research report on Wednesday, November 27th. The Goldman Sachs Group assumed coverage on shares of TechnipFMC in a research note on Friday, December 13th. They set a "buy" rating and a $38.00 price objective on the stock. Finally, HSBC raised shares of TechnipFMC from a "hold" rating to a "buy" rating and set a $32.00 target price for the company in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, TechnipFMC currently has a consensus rating of "Buy" and an average target price of $36.15.
Check Out Our Latest Research Report on FTI
About TechnipFMC
(
Get Free Report)
TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.
See Also
Before you consider TechnipFMC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TechnipFMC wasn't on the list.
While TechnipFMC currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
