FMC Technologies (NYSE:FTI) had its price objective hosited by RBC Capital from $58.00 to $64.00 in a report released on Thursday, AnalystRatings.Net reports. RBC Capital currently has an outperform rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna raised their price target on shares of FMC Technologies from $55.00 to $57.00 in a research note to investors on Wednesday, July 17th. They now have a neutral rating on the stock. Separately, analysts at Merrill Lynch downgraded shares of FMC Technologies from a buy rating to a neutral rating in a research note to investors on Wednesday, July 17th. Finally, analysts at Bank of America Corp. downgraded shares of FMC Technologies from a buy rating to a neutral rating in a research note to investors on Wednesday, July 17th. They now have a $62.00 price target on the stock, up previously from $61.00.
One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $58.36.
FMC Technologies (NYSE: FTI) traded down 0.36% on Thursday, hitting $57.61. FMC Technologies has a 52-week low of $39.25 and a 52-week high of $59.27. The stock’s 50-day moving average is currently $56.34. The company has a market cap of $13.664 billion and a price-to-earnings ratio of 32.12.
FMC Technologies, Inc designs, manufactures and services 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.