Breaking: RBC Capital Keeps $34.0 Target On TechnipFMC PLC (NYSE:FTI) Shares, Keeps Their Original “Buy” Rating

April 15, 2018 - By Adrian Mccoy

TechnipFMC plc (NYSE:FTI) Logo

Investors sentiment increased to Infinity in 2017 Q4. Its up Infinity, from 0 in 2017Q3. It improved, as 0 investors sold TechnipFMC plc shares while 0 reduced holdings. 1 funds opened positions while 1 raised stakes. 877,558 shares or 179.39% more from 314,100 shares in 2017Q3 were reported.

Price Michael F stated it has 250,000 shares or 2.94% of all its holdings. Focused Wealth Mgmt owns 136 shares or 0% of their US portfolio. Cibc Ww Markets Corp invested 0.02% of its portfolio in TechnipFMC plc (NYSE:FTI).

TechnipFMC PLC (NYSE:FTI) Rating Reaffirmed

They currently have a $34.0 TP on TechnipFMC PLC (NYSE:FTI). The target price by RBC Capital would suggest a potential upside of 5.00 % from the company’s last stock price. This has been disclosed to clients in a note on 21 December.

Investors sentiment increased to Infinity in 2017 Q4. Its up Infinity, from 0 in 2017Q3. It improved, as 0 investors sold TechnipFMC plc shares while 0 reduced holdings. 1 funds opened positions while 1 raised stakes. 877,558 shares or 179.39% more from 314,100 shares in 2017Q3 were reported.

Price Michael F stated it has 250,000 shares or 2.94% of all its holdings. Focused Wealth Mgmt owns 136 shares or 0% of their US portfolio. Cibc Ww Markets Corp invested 0.02% of its portfolio in TechnipFMC plc (NYSE:FTI).

TechnipFMC plc (NYSE:FTI) Ratings Coverage

Among 13 analysts covering TechnipFMC plc Ordinary Share (NYSE:FTI), 7 have Buy rating, 1 Sell and 5 Hold. Therefore 54% are positive. TechnipFMC plc Ordinary Share has $39.0 highest and $28 lowest target. $33.38’s average target is 3.09% above currents $32.38 stock price. TechnipFMC plc Ordinary Share had 16 analyst reports since October 20, 2017 according to SRatingsIntel. The stock of TechnipFMC plc (NYSE:FTI) earned “Buy” rating by Gabelli on Friday, October 20. RBC Capital Markets maintained it with “Buy” rating and $34.0 target in Thursday, December 21 report. Susquehanna maintained TechnipFMC plc (NYSE:FTI) rating on Friday, January 12. Susquehanna has “Buy” rating and $39.0 target. The stock of TechnipFMC plc (NYSE:FTI) has “Neutral” rating given on Monday, November 13 by Goldman Sachs. The firm earned “Buy” rating on Thursday, February 22 by RBC Capital Markets. The firm earned “Hold” rating on Monday, January 29 by Societe Generale. HSBC downgraded the stock to “Reduce” rating in Wednesday, November 15 report. The firm has “Buy” rating given on Thursday, February 22 by Piper Jaffray. Barclays Capital maintained the shares of FTI in report on Friday, October 27 with “Equal-Weight” rating. The stock of TechnipFMC plc (NYSE:FTI) has “Buy” rating given on Friday, February 23 by Susquehanna.

The stock increased 0.12% or $0.04 during the last trading session, reaching $32.38. About 2.90M shares traded. TechnipFMC plc (NYSE:FTI) has declined 7.67% since April 15, 2017 and is downtrending. It has underperformed by 19.22% the S&P500.

Analysts await TechnipFMC plc (NYSE:FTI) to report earnings on May, 9 after the close. They expect $0.33 earnings per share, down 53.52 % or $0.38 from last year’s $0.71 per share. FTI’s profit will be $152.63 million for 24.53 P/E if the $0.33 EPS becomes a reality. After $0.20 actual earnings per share reported by TechnipFMC plc for the previous quarter, Wall Street now forecasts 65.00 % EPS growth.

TechnipFMC plc provides technologies, systems, and services for gas and oil projects worldwide. The company has market cap of $14.98 billion. It operates in three divisions: Subsea, Onshore/Offshore, and Surface Projects. It has a 134.92 P/E ratio. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products.

TechnipFMC plc (NYSE:FTI) Ratings Chart

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