Kepler Capital analyst Kevin Roger downgraded TechnipFMC (FTI) to Hold on February 17 and set a price target of EUR22.00. The company’s shares closed last Monday at $17.20, close to its 52-week low of $15.74.
Currently, the analyst consensus on TechnipFMC is a Moderate Buy with an average price target of $23.94, implying a 38.3% upside from current levels. In a report issued on February 11, Berenberg Bank also maintained a Hold rating on the stock with a EUR20.00 price target.
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Based on TechnipFMC’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $119 million. In comparison, last year the company had a GAAP net loss of $2.26 billion.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.
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TechnipFMC Plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea, Onshore & Offshore, and Surface Technologies.
