With over 4.41 million TechnipFMC plc (FTI) shares trading Tuesday and a closing price of $21.06 on the day, the dollar volume was approximately $92.93 million. The shares have shown a positive half year performance of 49.68% and its price on 11/21/23 gained nearly 0.48%. Currently, there are 442.20M common shares owned by the public and among those 430.45M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 21 analysts who have offered their price forecasts for FTI have a consensus price objective of $25.88. The analysts have set the share’s price value over the next 12 months at a high of $32.00 and a low of $21.34. The average price target is 18.62% above its recent price level and an upside to the estimated low will see the stock gain 1.31% over that period. But an upside of 34.19% will see the stock hit the forecast high price target while median target price for the stock is $25.00.
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Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 513,909 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 38,866 shares.
Shares of TechnipFMC plc (NYSE: FTI) opened at $20.74, down -$0.22 from a prior closing price of $20.96. The company’s stock has a 5-day price change of -2.23% and 14.46% over the past three months. FTI shares are trading 72.76% year to date (YTD), with the 12-month market performance up to 76.09% higher. It has a 12-month low price of $11.09 and touched a high of $22.78 over the same period. FTI has an average intraday trading volume of 5.83 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.05%, 1.32%, and 25.57% respectively.
Institutional ownership of TechnipFMC plc (NYSE: FTI) shares accounts for 104.14% of the company’s 442.20M shares outstanding.
It has a market capitalization of $9.17B and a beta (3y monthly) value of 1.69. The earnings-per-share (ttm) stands at -$0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.10% over the week and 2.97% over the month.
Analysts forecast that TechnipFMC plc (FTI) will achieve an EPS of $0.12 for the current quarter, $0.15 for the next quarter and $1.15 for 2024. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.16. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 1649.07%, and 148.92% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate TechnipFMC plc (FTI) as a “Strong Buy” at a consensus score of 1.57. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 5 of the 21 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the FTI, a number of firms have released research notes about the stock. Exane BNP Paribas stated their Neutral rating for the stock in a research note on November 06, 2023, with the firm’s price target at $23.50.
