Wall Street Analyst Resumed TechnipFMC plc [FTI]. What else is Wall St. saying

TechnipFMC plc [NYSE: FTI] surged by $0.43 during the normal trading session on Friday and reaching a high of $10.875 during the day while it closed the day at $10.80. The company report on September 29, 2022 that TechnipFMC Announces Third Quarter 2022 Earnings Release and Conference Call.


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TechnipFMC (NYSE: FTI) will issue its third quarter 2022 earnings release after the close of the New York Stock Exchange on Wednesday, October 26, 2022. The Company will also host its third quarter 2022 earnings conference call on Thursday, October 27, 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/zcgbnfxb.

TechnipFMC plc stock has also gained 15.38% of its value over the past 7 days. However, FTI stock has inclined by 66.67% in the 3 months of the year. Over the past six months meanwhile, it has gained 31.87% and gained 82.43% year-on date.

The market cap for FTI stock reached $5.16 billion, with 452.20 million shares outstanding and 446.28 million shares in the current float. Compared to the average trading volume of 7.78M shares, FTI reached a trading volume of 14029636 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $11.55 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 2.30. 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 07, 2022. While these analysts kept the previous recommendation, Barclays dropped their target price from $9 to $14. The new note on the price target was released on October 06, 2022, representing the official price target for TechnipFMC plc stock. Previously, the target price had yet another raise to $14.50, while Exane BNP Paribas analysts kept a Outperform rating on FTI stock.

The Average True Range (ATR) for TechnipFMC plc is set at 0.48, with the Price to Sales ratio for FTI stock in the period of the last 12 months amounting to 0.81. The Price to Book ratio for the last quarter was 1.47, with the Price to Cash per share for the same quarter was set at 1.48. Price to Free Cash Flow for FTI in the course of the last twelve months was 235.64 with Quick ratio for the last quarter at 1.00.

FTI stock trade performance evaluation

TechnipFMC plc [FTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.38. With this latest performance, FTI shares gained by 20.54% in over the last four-week period, additionally plugging by 31.87% over the last 6 months – not to mention a rise of 45.36% 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 70.87, with the RSI for the last a single of trading hit 73.95, and the three-weeks RSI is set at 66.23 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 8.92, while it was recorded at 9.97 for the last single week of trading, and 7.67 for the last 200 days.

TechnipFMC plc [FTI]: An insightful look at the core 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 1.00 and a Current Ratio set at 1.30.

TechnipFMC plc [FTI]: Insider Ownership positions

There are presently around $4,594 million, in the hands of institutional investors. The top three institutional holders of FTI stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 64,762,957, which is approximately 7.1% of the company’s market cap and around 1.31% of the total institutional ownership; FMR LLC, holding 45,221,055 shares of the stock with an approximate value of $488.39 million in FTI stocks shares; and PZENA INVESTMENT MANAGEMENT LLC, currently with $284.01 million in FTI stock with ownership of nearly -3.622% of the company’s market capitalization.

Positions in TechnipFMC plc stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 108 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 67,446,954 shares. Additionally, 161 investors decreased positions by around 58,152,488 shares, while 35 investors held positions by with 299,785,103 shares. The mentioned changes placed institutional holdings at 425,384,545 shares, according to the latest SEC report filing. FTI stock had 29 new institutional investments in for a total of 26,691,114 shares, while 56 institutional investors sold positions of 13,231,432 shares during the same period.

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