HSBC Holdings plc assumed coverage on shares of FMC Technologies, Inc. (NYSE:FTI) in a research report issued to clients and investors on Monday. The firm set a “hold” rating and a $26.00 price target on the oil and gas company’s stock. HSBC Holdings plc’s price objective would suggest a potential upside of 0.19% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. ValuEngine lowered FMC Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Royal Bank Of Canada upgraded FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a research note on Friday, August 25th. BidaskClub lowered FMC Technologies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. UBS AG reiterated a “buy” rating and issued a $36.00 price objective (down from $40.00) on shares of FMC Technologies in a research note on Monday, July 31st. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of FMC Technologies in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.94.

FMC Technologies (FTI) opened at 25.95 on Monday. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 31.38 and a beta of 0.93. FMC Technologies has a 52-week low of $25.17 and a 52-week high of $37.09. The company’s 50-day moving average price is $26.62 and its 200-day moving average price is $29.43.

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

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC grew its position in FMC Technologies by 0.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 28,794 shares of the oil and gas company’s stock worth $783,000 after acquiring an additional 107 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in FMC Technologies by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the oil and gas company’s stock valued at $786,000 after buying an additional 200 shares during the last quarter. Conning Inc. boosted its position in FMC Technologies by 2.7% in the 2nd quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after buying an additional 200 shares during the last quarter. Bank of Nova Scotia boosted its position in FMC Technologies by 2.8% in the 2nd quarter. Bank of Nova Scotia now owns 11,204 shares of the oil and gas company’s stock valued at $305,000 after buying an additional 300 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its position in FMC Technologies by 4.8% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock valued at $224,000 after buying an additional 379 shares during the last quarter. Institutional investors and hedge funds own 65.36% of the company’s stock.

FMC Technologies Company Profile

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.

Analyst Recommendations for FMC Technologies (NYSE:FTI)

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