Piper Jaffray analyst Bill Herbert reiterated a Buy rating on TechnipFMC PLC (FTI) on April 26 and set a price target of $29. The company’s shares closed yesterday at $25.13.
According to TipRanks.com, Herbert is ranked #5092 out of 5195 analysts.
Currently, the analyst consensus on TechnipFMC PLC is a Strong Buy with an average price target of $28.98, a 15.3% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $28 price target.
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Based on TechnipFMC PLC’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $2.26 billion. In comparison, last year the company had a net profit of $95.1 million.
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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, and Surface Technologies.
