After Wells Fargo and Jefferies gave TechnipFMC PLC (NYSE: FTI) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Charles Minervino reiterated a Buy rating on TechnipFMC PLC yesterday and set a price target of $33. The company’s shares closed yesterday at $25.13.
According to TipRanks.com, Minervino is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -16.0% and a 29.0% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Helmerich & Payne, National-Oilwell, and RPC Inc.
TechnipFMC PLC has an analyst consensus of Strong Buy, with a price target consensus of $28.85, which is a 14.8% upside from current levels. In a report issued on April 26, Piper Jaffray also reiterated a Buy rating on the stock with a $29 price target.
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The company has a one-year high of $34.39 and a one-year low of $18.20. Currently, TechnipFMC PLC has an average volume of 4.05M.
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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.
