Royal Bank Of Canada set a $45.00 price objective on FMC Technologies, Inc. (NYSE:FTI) in a report published on Saturday. The firm currently has a buy rating on the oil and gas company’s stock.

A number of other analysts have also commented on the stock. UBS AG reiterated a buy rating and issued a $36.00 price target (down from $40.00) on shares of FMC Technologies in a research note on Monday, July 31st. Cowen and Company reiterated a buy rating and issued a $32.00 price target on shares of FMC Technologies in a research note on Tuesday, July 11th. ValuEngine upgraded shares of FMC Technologies from a hold rating to a buy rating in a research note on Saturday, July 8th. Scotiabank set a $36.00 price target on shares of FMC Technologies and gave the stock a buy rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies set a $32.00 price target on shares of FMC Technologies and gave the stock a buy rating in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. FMC Technologies has a consensus rating of Buy and a consensus target price of $35.09.

FMC Technologies (NYSE FTI) traded down 0.18% on Friday, reaching $27.42. 2,016,326 shares of the company traded hands. The company has a market capitalization of $12.81 billion, a PE ratio of 33.16 and a beta of 0.95. FMC Technologies has a one year low of $25.17 and a one year high of $37.09. The stock’s 50 day moving average price is $26.56 and its 200 day moving average price is $28.81.

FMC Technologies (NYSE:FTI) last released its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.80 billion. On average, equities research analysts predict that FMC Technologies will post $1.06 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the stock. C M Bidwell & Associates Ltd. purchased a new position in FMC Technologies during the second quarter valued at approximately $161,000. Perigon Wealth Management LLC lifted its holdings in FMC Technologies by 19.7% during the first quarter. Perigon Wealth Management LLC now owns 5,017 shares of the oil and gas company’s stock valued at $163,000 after purchasing an additional 826 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in FMC Technologies during the first quarter valued at approximately $165,000. MAVEN SECURITIES Ltd purchased a new position in FMC Technologies during the first quarter valued at approximately $174,000. Finally, Conning Inc. lifted its holdings in FMC Technologies by 2.7% during the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after purchasing an additional 200 shares in the last quarter. 65.35% of the stock is currently owned by institutional investors.

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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