FMC Technologies, Inc. (NYSE:FTI) was downgraded by research analysts at HSBC Securities from a “hold” rating to a “reduce” rating in a report released on Wednesday.

FTI has been the subject of several other research reports. ValuEngine downgraded shares of FMC Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 1st. HSBC Holdings PLC lowered shares of FMC Technologies from a “hold” rating to a “reduce” rating in a research report on Wednesday. UBS AG reiterated a “buy” rating and set a $36.00 target price (down previously from $40.00) on shares of FMC Technologies in a research report on Monday, July 31st. Goldman Sachs Group, Inc. (The) lowered shares of FMC Technologies from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Monday. Finally, Barclays PLC set a $28.00 target price on shares of FMC Technologies and gave the stock a “hold” rating in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $34.03.

FMC Technologies (NYSE FTI) traded down $1.24 during trading hours on Wednesday, hitting $27.16. 3,427,900 shares of the stock were exchanged, compared to its average volume of 4,134,114. The company has a market cap of $13,251.21, a price-to-earnings ratio of 22.72, a P/E/G ratio of 0.93 and a beta of 0.89. FMC Technologies has a 12 month low of $24.53 and a 12 month high of $37.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22.

FMC Technologies (NYSE:FTI) last issued its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up 74.3% compared to the same quarter last year. equities analysts expect that FMC Technologies will post 1.61 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in FTI. Sentry Investment Management LLC grew its position in shares of FMC Technologies by 102.0% during the 2nd 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 in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in FMC Technologies during the second quarter valued at about $1,409,000. Nippon Life Insurance Co. boosted its position in FMC Technologies by 44.0% during the third quarter. Nippon Life Insurance Co. now owns 39,100 shares of the oil and gas company’s stock valued at $1,092,000 after purchasing an additional 11,952 shares in the last quarter. Advisors Asset Management Inc. boosted its position in FMC Technologies by 5.4% during the second quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock valued at $1,046,000 after purchasing an additional 1,982 shares in the last quarter. Finally, Sei Investments Co. boosted its position in FMC Technologies by 204.4% during the second quarter. Sei Investments Co. now owns 74,508 shares of the oil and gas company’s stock valued at $2,027,000 after purchasing an additional 50,033 shares in the last quarter. Institutional investors and hedge funds own 66.88% 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.

Analyst Recommendations for FMC Technologies (NYSE:FTI)

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