Susquehanna Sticks to Their Buy Rating for TechnipFMC PLC

By Ryan Adsit

In a report released today, Charles Minervino from Susquehanna reiterated a Buy rating on TechnipFMC PLC (NYSE: FTI), with a price target of $39. The company’s shares closed yesterday at $34.01.

According to TipRanks.com, Minervino is a 1-star analyst with an average return of -2.8% and a 54.0% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oil States International.

TechnipFMC PLC has an analyst consensus of Moderate Buy, with a price target consensus of $33.13.

The company has a one-year high of $36.14 and a one-year low of $24.53. Currently, TechnipFMC PLC has an average volume of 3.47M.

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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.