Piper Sandler lifts TechnipFMC plc [FTI] price estimate. Who else is bullish?

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TechnipFMC plc [NYSE: FTI] slipped around -0.11 points on Tuesday, while shares priced at $7.41 at the close of the session, down -1.46%. The company report on November 2, 2021 that TechnipFMC plc: Total Voting Rights and Share Capital.

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TechnipFMC plc (the “Company”) (NYSE:FTI) (PARIS:FTI) (ISIN: GB00BDSFG982) announces that, in accordance with Article 223-16-1 of the AMF General Regulation, it hereby notifies the market that as of 29 October 2021, the Company’s capital consists of 450,700,480 ordinary shares of USD 1.00 each. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company is 450,700,480.

TechnipFMC plc stock is now -0.06% down from its year-to-date (YTD) trading value. FTI Stock saw the intraday high of $7.50 and lowest of $7.20 per share. The company’s 52-week high price is 10.70, which means current price is +23.60% above from all time high which was touched on 01/12/21.

Compared to the average trading volume of 5.34M shares, FTI reached a trading volume of 5179803 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about TechnipFMC plc [FTI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTI shares is $9.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTI stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 26, 2021. While these analysts kept the previous recommendation, Cowen raised their target price from $11 to $12. The new note on the price target was released on June 17, 2021, representing the official price target for TechnipFMC plc stock. Previously, the target price had yet another raise to $12, while BTIG Research analysts kept a Buy rating on FTI stock.

The Average True Range (ATR) for TechnipFMC plc is set at 0.31, with the Price to Sales ratio for FTI stock in the period of the last 12 months amounting to 0.40. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 3.48. Price to Free Cash Flow for FTI in the course of the last twelve months was 4.89 with Quick ratio for the last quarter at 1.20.

How has FTI stock performed recently?

TechnipFMC plc [FTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.11. With this latest performance, FTI shares dropped by -6.08% in over the last four-week period, additionally sinking by -8.06% over the last 6 months – not to mention a rise of 29.58% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FTI stock in for the last two-week period is set at 47.30, with the RSI for the last a single of trading hit 44.93, and the three-weeks RSI is set at 48.71 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 7.35, while it was recorded at 7.41 for the last single week of trading, and 8.03 for the last 200 days.

TechnipFMC plc [FTI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and TechnipFMC plc [FTI] shares currently have an operating margin of +5.10 and a Gross Margin at +14.14. TechnipFMC plc’s Net Margin is presently recorded at -25.04.

Return on Total Capital for FTI is now 5.88, given the latest momentum, and Return on Invested Capital for the company is -31.80. Return on Equity for this stock declined to -55.66, with Return on Assets sitting at -15.22. When it comes to the capital structure of this company, TechnipFMC plc [FTI] has a Total Debt to Total Equity ratio set at 126.39. Additionally, FTI Total Debt to Total Capital is recorded at 55.83, with Total Debt to Total Assets ending up at 26.66. Long-Term Debt to Equity for the company is recorded at 101.07, with the Long-Term Debt to Total Capital now at 44.64.

Reflecting on the efficiency of the workforce at the company, TechnipFMC plc [FTI] managed to generate an average of -$93,701 per employee. Receivables Turnover for the company is 2.82 with a Total Asset Turnover recorded at a value of 0.61.TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.50.

Earnings analysis for TechnipFMC plc [FTI]

With the latest financial reports released by the company, TechnipFMC plc posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -27.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FTI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TechnipFMC plc go to -2.90%.

Insider trade positions for TechnipFMC plc [FTI]

There are presently around $2,867 million, or 94.10% of FTI stock, in the hands of institutional investors. The top three institutional holders of FTI stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 38,823,409, which is approximately 54.474% of the company’s market cap and around 1.02% of the total institutional ownership; BPIFRANCE SA, holding 24,688,691 shares of the stock with an approximate value of $182.94 million in FTI stocks shares; and VANGUARD GROUP INC, currently with $172.37 million in FTI stock with ownership of nearly -1.877% of the company’s market capitalization.

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Positions in TechnipFMC plc stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 109 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 72,076,482 shares. Additionally, 137 investors decreased positions by around 35,856,436 shares, while 40 investors held positions by with 278,916,609 shares. The mentioned changes placed institutional holdings at 386,849,527 shares, according to the latest SEC report filing. FTI stock had 25 new institutional investments in for a total of 18,223,238 shares, while 48 institutional investors sold positions of 7,544,548 shares during the same period.