TechnipFMC plc (NYSE: FTI) is 4.39% higher on its value in year-to-date trading and has touched a low of $4.03 and a high of $10.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FTI stock was last observed hovering at around $8.04 in the last trading session, with the day’s loss setting it -0.3% off its average median price target of $10.00 for the next 12 months. It is also 57.0% off the consensus price target high of $18.00 offered by 25 analysts, but current levels are -158.0% lower than the price target low of $3.00 for the same period.
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Currently trading at $7.74, the stock is -7.66% and -7.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.02 million and changing -3.73% at the moment leaves the stock 14.37% off its SMA200. FTI registered 38.02% gain for a year compared to 6-month gain of 61.93%. The firm has a 50-day simple moving average (SMA 50) of $8.08 and a 200-day simple moving average (SMA200) of $6.76.
The stock witnessed a -5.84% loss in the last 1 month and extending the period to 3 months gives it a 4.39%, and is 0.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.47% over the week and 4.72% over the month.
TechnipFMC plc (FTI) has around 35000 employees, a market worth around $3.33B and $13.05B in sales. Fwd P/E is 44.48. Profit margin for the company is -25.20%. Distance from 52-week low is 92.22% and -24.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.40%).
TechnipFMC plc (FTI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for TechnipFMC plc (FTI) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 2.40, where 9 rate it as a Hold and 1 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
TechnipFMC plc quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $1.54B over the same period.The EPS is expected to shrink by -35.90% this year, but quarterly earnings will post -50.80% year-over-year. Quarterly sales are estimated to shrink -50.90% in year-over-year returns.
TechnipFMC plc (FTI) Top Institutional Holders
517 institutions hold shares in TechnipFMC plc (FTI), with 3.04M shares held by insiders accounting for 0.68% while institutional investors hold 84.21% of the company’s shares. The shares outstanding are 449.60M, and float is at 446.38M with Short Float at 2.25%. Institutions hold 83.64% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 30.2 million shares valued at $283.87 million. The investor’s holdings represent 6.72% of the FTI Shares outstanding. As of Dec 30, 2020, the second largest holder is Bpifrance SA with 24.69 million shares valued at $232.07 million to account for 5.49% of the shares outstanding. The other top investors are Pzena Investment Management, LLC which holds 24.67 million shares representing 5.49% and valued at over $231.91 million, while State Street Corporation holds 4.49% of the shares totaling 20.2 million with a market value of $189.85 million.
TechnipFMC plc (FTI): Who are the competitors?
The company’s main competitors (and peers) include Oil States International Inc. (OIS) that is trading 180.93% up over the past 12 months. Short interest in the company’s stock has fallen -314.84% from the last report on Feb 11, 2021 to stand at a total of 41.65 million short shares sold with a short interest ratio of 0.9.