Citigroup Remains a Hold on FTS International Inc (FTSI)

By Jason Carr

In a report released today, Scott Gruber from Citigroup maintained a Hold rating on FTS International Inc (FTSIResearch Report), with a price target of $2.80. The company’s shares closed last Monday at $2.24, close to its 52-week low of $2.23.

According to TipRanks.com, Gruber is a 1-star analyst with an average return of -3.5% and a 38.6% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Diamond Offshore Drilling, and Oceaneering International.

The word on The Street in general, suggests a Hold analyst consensus rating for FTS International Inc with a $4.40 average price target, a 78.9% upside from current levels. In a report released yesterday, Barclays also maintained a Hold rating on the stock with a $3.00 price target.

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The company has a one-year high of $13.65 and a one-year low of $2.23. Currently, FTS International Inc has an average volume of 601.1K.

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FTS International, Inc. engages in the provision of oil and natural gas well completion services. Its services include pressure pumping, wire line and perforating, reservoir optimization, and equipment manufacturing. The company was founded in 2002 and is headquartered in Fort Worth, TX.