BMO Capital Remains a Hold on Fmc Technologies

By Ryan Adsit

BMO Capital analyst Daniel Boyd reiterated a Hold rating on Fmc Technologies (NYSE: FTI) yesterday and set a price target of $35. The company’s shares opened today at $26.38, close to its 52-week low of $26.25.

According to TipRanks.com, Boyd is a 4-star analyst with an average return of 6.0% and a 56.5% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oil States International, and Rice Midstream Partners.

Currently, the analyst consensus on Fmc Technologies is Moderate Buy and the average price target is $35.50, representing a 34.6% upside.

In a report issued on June 12, Jefferies also reiterated a Hold rating on the stock with a $31 price target.

The company has a one year high of $36.14 and a one year low of $26.25. Currently, Fmc Technologies has an average volume of 3.84M.

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TechnipFMC Plc supports activities for petroleum and natural gas extraction and manufactures metal structures and parts of structures. It also engages in other engineering activities. The company was founded on December 9, 2015 and is headquartered in London, the United Kingdom.,0GG8BZ-E