TechnipFMC plc (NYSE:FTI) Receives Average Rating of "Buy" from Brokerages

TechnipFMC plc (NYSE:FTI - Get Free Report) has received an average recommendation of "Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $36.31.

A number of brokerages have weighed in on FTI. TD Cowen reiterated a "buy" rating and set a $37.00 target price on shares of TechnipFMC in a research report on Wednesday, November 27th. Citigroup raised their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Royal Bank of Canada assumed coverage on TechnipFMC in a research report on Monday, November 18th. They set an "outperform" rating and a $37.00 target price on the stock. Jefferies Financial Group upgraded TechnipFMC from a "hold" rating to a "buy" rating and lifted their price target for the company from $29.00 to $40.00 in a research report on Friday, December 6th. Finally, Evercore ISI lifted their target price on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th.

TechnipFMC Stock Up 1.9 %

Shares of NYSE FTI opened at $26.38 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The stock has a market capitalization of $11.09 billion, a PE ratio of 17.35 and a beta of 1.54. TechnipFMC has a one year low of $22.33 and a one year high of $33.45. The business's fifty day moving average price is $30.21 and its 200-day moving average price is $28.60.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC's payout ratio is currently 10.42%.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds have recently made changes to their positions in FTI. Smartleaf Asset Management LLC raised its position in TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 525 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in shares of TechnipFMC in the fourth quarter worth about $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of TechnipFMC in the 4th quarter valued at about $46,000. EverSource Wealth Advisors LLC boosted its holdings in TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after acquiring an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC grew its position in TechnipFMC by 48.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after acquiring an additional 563 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

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.

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