TechnipFMC plc (NYSE:FTI) Given Consensus Rating of "Buy" by Analysts

TechnipFMC plc (NYSE:FTI - Get Free Report) has been assigned a consensus rating of "Buy" from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $36.15.

A number of research analysts have recently weighed in on the company. Jefferies Financial Group upgraded TechnipFMC from a "hold" rating to a "buy" rating and raised their target price for the company from $29.00 to $40.00 in a report on Friday, December 6th. Barclays raised their price target on shares of TechnipFMC from $37.00 to $42.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. HSBC upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and set a $32.00 price objective for the company in a research note on Tuesday, October 29th. StockNews.com upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Finally, TD Cowen reaffirmed a "buy" rating and set a $37.00 price target on shares of TechnipFMC in a research report on Wednesday, November 27th.

Institutional Investors Weigh In On TechnipFMC

Several institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in TechnipFMC during the second quarter valued at approximately $210,000. Creative Planning raised its holdings in shares of TechnipFMC by 22.9% during the 3rd quarter. Creative Planning now owns 21,372 shares of the oil and gas company's stock valued at $561,000 after buying an additional 3,980 shares in the last quarter. Blue Trust Inc. boosted its stake in TechnipFMC by 203.6% in the third quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company's stock worth $29,000 after buying an additional 735 shares in the last quarter. Toth Financial Advisory Corp raised its stake in shares of TechnipFMC by 1,900.0% during the third quarter. Toth Financial Advisory Corp now owns 2,000 shares of the oil and gas company's stock worth $52,000 after acquiring an additional 1,900 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of TechnipFMC during the 3rd quarter valued at $363,000. Hedge funds and other institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Down 1.1 %

Shares of FTI traded down $0.35 on Friday, reaching $30.78. The company's stock had a trading volume of 1,683,978 shares, compared to its average volume of 3,285,647. The stock has a market capitalization of $13.09 billion, a PE ratio of 20.25 and a beta of 1.52. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC has a twelve month low of $19.48 and a twelve month high of $33.45. The firm has a fifty day moving average of $30.76 and a 200-day moving average of $28.44.

TechnipFMC announced that its Board of Directors has initiated a share repurchase plan on Wednesday, October 23rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

TechnipFMC Company Profile

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.