Market Analysts see TechnipFMC plc [FTI] gaining to $58. Time to buy?

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TechnipFMC plc [NYSE: FTI] stock went on a downward path that fall over -0.25% on Monday, amounting to a one-week price increase of more than 2.61%. The company report on March 16, 2022 that TechnipFMC Announces First Quarter 2022 Earnings Release and Conference Call.


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TechnipFMC (NYSE:FTI) will issue its first quarter 2022 earnings release after the close of the New York Stock Exchange on Wednesday, April 27, 2022. The Company will also host its first quarter 2022 earnings conference call on Thursday, April 28, 2022, at 1 p.m. London time (8 a.m. New York time).

The event will be webcast live and can be accessed through the TechnipFMC website (investors.technipfmc.com) or at https://edge.media-server.com/mmc/p/ah4w9vad.

Over the last 12 months, FTI stock rose by 1.42%. The one-year TechnipFMC plc stock forecast points to a potential upside of 24.08. The average equity rating for FTI stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $3.45 billion, with 450.80 million shares outstanding and 446.47 million shares in the current float. Compared to the average trading volume of 10.13M shares, FTI stock reached a trading volume of 16397803 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $10.34 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 2.50. 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.

BofA Securities have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 04, 2022. The new note on the price target was released on February 28, 2022, representing the official price target for TechnipFMC plc stock. Previously, the target price had yet another raise to $9, while Jefferies analysts kept a Buy rating on FTI stock.

The Average True Range (ATR) for TechnipFMC plc is set at 0.39, with the Price to Sales ratio for FTI stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 1.04, with the Price to Cash per share for the same quarter was set at 3.81. Price to Free Cash Flow for FTI in the course of the last twelve months was 5.85 with Quick ratio for the last quarter at 1.10.

FTI Stock Performance Analysis:

TechnipFMC plc [FTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.61. With this latest performance, FTI shares gained by 15.44% in over the last four-week period, additionally plugging by 3.56% over the last 6 months – not to mention a rise of 1.42% 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 60.93, with the RSI for the last a single of trading hit 63.28, and the three-weeks RSI is set at 59.37 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 6.99, while it was recorded at 7.70 for the last single week of trading, and 7.15 for the last 200 days.

Insight into TechnipFMC plc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and TechnipFMC plc [FTI] shares currently have an operating margin of +1.91 and a Gross Margin at +13.16. TechnipFMC plc’s Net Margin is presently recorded at +1.36.

Return on Equity for this stock inclined to 2.32, with Return on Assets sitting at 0.59.

TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.

TechnipFMC plc [FTI] Insider Position Details

There are presently around $3,067 million, or 89.80% 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 51,191,139, which is approximately 14.835% of the company’s market cap and around 1.10% of the total institutional ownership; AMERIPRISE FINANCIAL INC, holding 25,781,804 shares of the stock with an approximate value of $202.39 million in FTI stocks shares; and VANGUARD GROUP INC, currently with $184.6 million in FTI stock with ownership of nearly 0.797% of the company’s market capitalization.

Positions in TechnipFMC plc stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 118 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 43,619,130 shares. Additionally, 134 investors decreased positions by around 59,375,421 shares, while 44 investors held positions by with 287,718,579 shares. The mentioned changes placed institutional holdings at 390,713,130 shares, according to the latest SEC report filing. FTI stock had 50 new institutional investments in for a total of 15,674,460 shares, while 35 institutional investors sold positions of 3,552,017 shares during the same period.

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