ValuEngine cut shares of FMC Technologies, Inc. (NYSE:FTI) from a buy rating to a hold rating in a report published on Friday.

Several other research analysts have also recently commented on the company. Royal Bank Of Canada raised FMC Technologies from a sector perform rating to an outperform rating and set a $37.00 target price for the company in a research report on Friday, August 25th. BidaskClub cut FMC Technologies from a sell rating to a strong sell rating in a research report on Tuesday, August 8th. UBS AG reaffirmed a buy rating and issued a $36.00 target price (down from $40.00) on shares of FMC Technologies in a research report on Monday, July 31st. Seaport Global Securities reaffirmed a neutral rating on shares of FMC Technologies in a research report on Thursday, July 27th. Finally, Scotiabank set a $36.00 target price on FMC Technologies and gave the stock a buy rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $35.25.

FMC Technologies (FTI) traded up 1.90% during mid-day trading on Friday, reaching $26.32. 2,554,038 shares of the company traded hands. FMC Technologies has a 52-week low of $25.17 and a 52-week high of $36.14. The company has a market capitalization of $12.29 billion, a P/E ratio of 31.83 and a beta of 0.93. The stock has a 50 day moving average price of $26.94 and a 200-day moving average price of $29.71.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.08. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.80 billion. Analysts expect that FMC Technologies will post $1.06 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Achmea Investment Management B.V. bought a new position in FMC Technologies during the second quarter worth about $1,227,000. Kimelman & Baird LLC bought a new position in FMC Technologies during the second quarter worth about $408,000. Sentry Investment Management LLC boosted its holdings in FMC Technologies by 102.0% during the second quarter. Sentry Investment Management LLC now owns 19,163 shares of the oil and gas company’s stock worth $521,000 after buying an additional 9,677 shares during the last quarter. Toronto Dominion Bank boosted its holdings in FMC Technologies by 25.6% during the second quarter. Toronto Dominion Bank now owns 157,776 shares of the oil and gas company’s stock worth $4,291,000 after buying an additional 32,120 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in FMC Technologies during the second quarter worth about $313,000. Hedge funds and other institutional investors own 65.36% of the company’s stock.

About FMC Technologies

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

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Analyst Recommendations for FMC Technologies (NYSE:FTI)

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