Societe Generale Upgrades FMC Tech to Buy (FTI)

By admin | 6 years ago

FMC Tech (NYSE: FTI) was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

FTI has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of FMC Tech in a research note to investors on Tuesday, March 6th. They now have a $53.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of FMC Tech from $52.00 to $47.00 in a research note to investors on Thursday, February 16th. They now have an “equal weight” rating on the stock. Finally, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of FMC Tech from $60.00 to $70.00 in a research note to investors on Thursday, February 16th. They now have an “outperform” rating on the stock.

FMC Tech traded up 0.25% on Thursday, hitting $44.84. FMC Tech has a 1-year low of $34.46 and a 1-year high of $55.19. The company has a market cap of $10.722 billion and a price-to-earnings ratio of 26.31.

FMC Tech last released its earnings data on Tuesday, February 14th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.09. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. Analysts expect that FMC Tech will post $0.58 EPS next quarter.

FMC Technologies, Inc. (FMC Technologies) is a global provider of technology solutions for the energy industry.

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