FMC Technologies (FTI) : Analyst Rating Update

FMC Technologies (FTI) : The consensus on FMC Technologies (FTI) based on 20 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

FMC Technologies (FTI) stock is expected to deviate a maximum of $5.18 from the average target price of $32.8 for the short term period. 20 Street Experts have initiated coverage on the stock with the most promising target being $47 and the most muted being $26.

FMC Technologies (NYSE:FTI): The stock opened at $25.63 on Wednesday but the bulls could not build on the opening and the stock topped out at $25.98 for the day. The stock traded down to $25.34 during the day, due to lack of any buying support eventually closed down at $25.92 with a loss of -0.84% for the day. The stock had closed at $26.14 on the previous day. The total traded volume was 2,411,823 shares.

Also, In a research note released to the investors, Barclays downgrades its rating on FMC Technologies (NYSE:FTI).The analysts at the brokerage house have a current rating of Equal-weight on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. In a recent information released to the investors, Barclays lowers the new price target from $37 per share to $33 per share. The rating by the firm was issued on May 20, 2016. The company shares have dropped -29.60% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $38.53 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $27.09 and the 200 Day Moving Average price is recorded at $26.75.

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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