Citigroup Cuts FTS International (FTSI) Price Target to $16.00
A number of other research firms also recently weighed in on FTSI. Capital One Financial restated an equal weight rating on shares of FTS International in a research report on Wednesday, July 25th. Credit Suisse Group dropped their target price on FTS International from $27.00 to $26.00 and set an outperform rating for the company in a research report on Wednesday, May 2nd. Cowen restated a buy rating and issued a $23.00 target price on shares of FTS International in a research report on Friday, April 13th. Zacks Investment Research downgraded FTS International from a hold rating to a sell rating in a research report on Wednesday, May 2nd. Finally, Guggenheim restated a buy rating and issued a $19.00 target price on shares of FTS International in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $21.11.
Shares of NYSE FTSI opened at $12.55 on Friday. FTS International has a 12 month low of $10.65 and a 12 month high of $22.60. The company has a current ratio of 2.58, a quick ratio of 2.26 and a debt-to-equity ratio of 28.83.
About FTS International
FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.
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