Cowen & Co. Thinks TechnipFMC PLC’s Stock is Going to Recover


According to The Fly, cowen & Co. analyst Marc Bianchi reiterated a Buy rating on TechnipFMC PLC (FTI) today. The company’s shares closed on Friday at $23.09, close to its 52-week low of $22.39.

According to TipRanks.com, Bianchi ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -14.8% and a 25.0% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.

Currently, the analyst consensus on TechnipFMC PLC is a Strong Buy with an average price target of $35.60, a 54.2% upside from current levels. In a report issued on November 22, Jefferies also reiterated a Buy rating on the stock.

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TechnipFMC PLC’s market cap is currently $10.46B and has a P/E ratio of 57.55. The company has a Price to Book ratio of 0.82.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TechnipFMC Plc engages in the provision of solutions for the production and transformation of oil and gas. It operates through the following segments: Subsea, Onshore and Offshore, Surface Technologies, and Corporate.

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