In a report released today, Scott Gruber from Citi maintained a Buy rating on TechnipFMC, with a price target of $45.00. The company’s shares closed last Friday at $38.04.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Gruber covers the Energy sector, focusing on stocks such as Atlas Energy Solutions, APA, and EQT. According to TipRanks, Gruber has an average return of 11.4% and a 55.90% success rate on recommended stocks.
TechnipFMC has an analyst consensus of Strong Buy, with a price target consensus of $43.17, a 13.49% upside from current levels. In a report released on October 2, J.P. Morgan also maintained a Buy rating on the stock with a $43.00 price target.
The company has a one-year high of $41.30 and a one-year low of $22.12. Currently, TechnipFMC has an average volume of 5.24M.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FTI in relation to earlier this year. Last month, Doug Pferdehirt, the Chair and CEO of FTI sold 80,304.00 shares for a total of $3,079,658.40.
Read More on FTI:
Disclaimer & DisclosureReport an Issue
- Jefferies European energy analyst holds an analyst/industry conference call
- TechnipFMC price target raised to $43 from $41 at JPMorgan
- TechnipFMC awarded substantial subsea contract for Hammerhead Project
- TechnipFMC management to meet with Piper Sandler
- TechnipFMC awarded significant subsea production systems contract by Petrobras
/Semiconductor%20by%20Gorodenkoff%20via%20Shutterstock.jpg)
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
