The stock of FMC Technologies, Inc. (NYSE:FTI) is a huge mover today! About 3.36 million shares traded hands. FMC Technologies, Inc. (NYSE:FTI) has risen 16.22% since March 2, 2016 and is uptrending. It has outperformed by 7.96% the S&P500.
The move comes after 8 months positive chart setup for the $6.97 billion company. It was reported on Oct, 5 by Barchart.com. We have $42.24 PT which if reached, will make NYSE:FTI worth $2.58B more.
Analysts await FMC Technologies, Inc. (NYSE:FTI) to report earnings on October, 19 after the close. They expect $0.26 EPS, down 57.38% or $0.35 from last year’s $0.61 per share. FTI’s profit will be $58.78M for 29.64 P/E if the $0.26 EPS becomes a reality. After $0.22 actual EPS reported by FMC Technologies, Inc. for the previous quarter, Wall Street now forecasts 18.18% EPS growth.
FMC Technologies, Inc. (NYSE:FTI) Ratings Coverage
Out of 23 analysts covering FMC Technologies (NYSE:FTI), 11 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 48% are positive. FMC Technologies has been the topic of 49 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Thursday, July 23 the stock rating was upgraded by Jefferies to “Hold”. The firm has “Market Perform” rating by FBR Capital given on Thursday, July 23. Societe Generale upgraded the stock to “Buy” rating in Friday, January 8 report. Seaport Global Securities downgraded the stock to “Accumulate” rating in Monday, October 26 report. Goldman Sachs upgraded FMC Technologies, Inc. (NYSE:FTI) on Friday, March 11 to “Buy” rating. The company was upgraded on Thursday, August 25 by CapitalOne. Credit Suisse upgraded FMC Technologies, Inc. (NYSE:FTI) rating on Friday, September 4. Credit Suisse has “Neutral” rating and $29 price target. The company was initiated on Tuesday, January 12 by Oppenheimer. The rating was maintained by Cowen & Co with “Outperform” on Thursday, July 23. The stock of FMC Technologies, Inc. (NYSE:FTI) earned “Buy” rating by Seaport Global Securities on Monday, October 5.
According to Zacks Investment Research, “FMC Technologies, Inc. designs, manufactures and services technologically sophisticated systems and products for customers through their Energy Production Systems, Energy Processing Systems, FoodTech and Airport Systems segments.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.19, from 1.28 in 2016Q1. The ratio is negative, as 42 funds sold all FMC Technologies, Inc. shares owned while 128 reduced positions. 46 funds bought stakes while 140 increased positions. They now own 199.99 million shares or 2.86% less from 205.87 million shares in 2016Q1.
Ameriprise holds 0% of its portfolio in FMC Technologies, Inc. (NYSE:FTI) for 166,527 shares. Blackrock Grp Ltd holds 0.03% of its portfolio in FMC Technologies, Inc. (NYSE:FTI) for 1.84 million shares. Moreover, Vident Inv Advisory Ltd Liability has 0.13% invested in FMC Technologies, Inc. (NYSE:FTI) for 34,221 shares. Mutual Of America Capital Mgmt Limited Company accumulated 37,230 shares or 0.02% of the stock. Glg Prtnrs Lp last reported 1.12 million shares in the company. Royal London Asset Management Ltd has 81,592 shares for 0.04% of their US portfolio. Springbok Cap Ltd Liability accumulated 37,450 shares or 0.14% of the stock. First Advsrs Lp last reported 957,469 shares in the company. Natixis has 53,742 shares for 0.03% of their US portfolio. Shell Asset Management Co accumulated 0.03% or 42,515 shares. Pzena Mngmt Limited Com has 953,866 shares for 0.16% of their US portfolio. Retirement Of Alabama holds 115,399 shares or 0.02% of its portfolio. Bnp Paribas Prtnrs last reported 45,482 shares in the company. Nordea Inv Ab accumulated 16,206 shares or 0% of the stock. The Japan-based Mizuho Tru And Bk Co Ltd has invested 0.04% in FMC Technologies, Inc. (NYSE:FTI).
Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 1 insider sale for $79,633 net activity. 2,800 shares were sold by Bhatia Sanjay, worth $79,633.
More recent FMC Technologies, Inc. (NYSE:FTI) news were published by: Bizjournals.com which released: “New photos: Tour FMC Technologies’ new HQ in Generation Park” on October 05, 2016. Also Prnewswire.com published the news titled: “FMC Technologies Awarded Subsea Contract for Eni’s Block 15/06 West Hub …” on September 06, 2016. Finance.Yahoo.com‘s news article titled: “FMC Technologies to Present at the Johnson Rice 2016 Energy Conference” with publication date: September 15, 2016 was also an interesting one.
FTI Company Profile
FMC Technologies, Inc., incorporated on November 13, 2000, is a global well-known provider of technology solutions for the energy industry. The Firm designs, makes 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 for the energy industry. The Company’s divisions include Subsea Technologies, Surface Technologies and Energy Infrastructure.
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