The stock of FMC Technologies, Inc. (NYSE:FTI) is a huge mover today! The stock last traded at $31.85 per share. It is down 15.65% since March 11, 2016 and is uptrending. It has outperformed by 10.19% the S&P500.
The move comes after 7 months negative chart setup for the $7.28 billion company. It was reported on Oct, 14 by Barchart.com. We have $29.62 PT which if reached, will make NYSE:FTI worth $509.60 million less.
Analysts await FMC Technologies, Inc. (NYSE:FTI) to report earnings on October, 19 after the close. They expect $0.26 earnings per share, down 57.38% or $0.35 from last year’s $0.61 per share. FTI’s profit will be $59.43M for 30.63 P/E if the $0.26 EPS becomes a reality. After $0.22 actual earnings per share 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. The firm has “Buy” rating given on Monday, December 14 by KLR Group. On Wednesday, September 9 the stock rating was maintained by Macquarie Research with “Neutral”. As per Thursday, August 25, the company rating was upgraded by CapitalOne. The firm has “Buy” rating given on Friday, March 11 by Goldman Sachs. The firm earned “Outperform” rating on Thursday, April 28 by Cowen & Co. The stock of FMC Technologies, Inc. (NYSE:FTI) has “Accumulate” rating given on Monday, October 26 by Seaport Global Securities. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, April 28. The rating was upgraded by Credit Suisse on Friday, September 4 to “Neutral”. Citigroup maintained the stock with “Neutral” rating in Monday, October 5 report. The firm has “Perform” rating by Oppenheimer given on Tuesday, January 12.
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 dropped, 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.
Renaissance Tech Lc accumulated 0.08% or 1.64M shares. Smith Asset Mgmt Gru L P holds 0% of its portfolio in FMC Technologies, Inc. (NYSE:FTI) for 1,050 shares. Blackrock has 0.02% invested in the company for 549,488 shares. Fjarde Ap last reported 0.04% of its portfolio in the stock. Fmr accumulated 0.01% or 2.34M shares. Nippon Life Insur holds 0.02% of its portfolio in FMC Technologies, Inc. (NYSE:FTI) for 29,318 shares. Ig Invest Ltd has 8,050 shares for 0% of their US portfolio. Heartland has 0.01% invested in the company for 9,789 shares. Blackrock Fund Advisors owns 4.29 million shares or 0.03% of their US portfolio. Sg Americas Lc holds 0% of its portfolio in FMC Technologies, Inc. (NYSE:FTI) for 15,966 shares. Cibc Asset Management, a Ontario – Canada-based fund reported 25,847 shares. Paloma Prtnrs Mgmt Com, a Connecticut-based fund reported 70,230 shares. The Michigan-based State Treasurer State Of Michigan has invested 0.02% in FMC Technologies, Inc. (NYSE:FTI). Clarivest Asset Mgmt Limited Co, a California-based fund reported 4,172 shares. Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.03% invested in FMC Technologies, Inc. (NYSE:FTI) for 4,300 shares.
Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 1 sale for $79,633 net activity. The insider Bhatia Sanjay sold $79,633.
More news for FMC Technologies, Inc. (NYSE:FTI) were recently published by: Bizjournals.com, which released: “New photos: Tour FMC Technologies’ new HQ in Generation Park” on October 05, 2016. Chron.com‘s article titled: “Photos: Inside Houston-based FMC Technologies’ modern new offices” and published on October 12, 2016 is yet another important article.
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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