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Pre-2Q16 Results: Wall Street’s Forecasts for FMC Technologies

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Wall Street’s forecasts for FTI

In this article, we’ll look at Wall Street’s forecasts for FMC Technologies (FTI). ~38% of analysts tracking FMC Technologies rate it as a “buy,” ~59% rate the company a “hold,” and the rest have rated it a “sell.” FTI makes up 0.01% of the iShares Core Aggressive Allocation ETF (AOA).

In comparison, ~25% of analysts tracking C&J Energy Services (CJES) rate it a “buy,” ~58% of analysts tracking it rate it a “hold,” and the rest rate it a “sell”.

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Analysts’ recommendations for FMC Technologies

RBC Capital Markets, a part of the Royal Bank of Canada, gave FTI a target price of $32. FTI currently trades near $26, implying a ~24% return over the next 12 months. Piper Jaffray, a global investment bank, has a $27 target price for FTI, one of its lowest target prices. At its current share price, this implies a 4% return over the next 12 months.

Among the large investment banks, Morgan Stanley (MS) gave FTI a target of $47, one of its highest target prices. This implies a ~81% return from FMC Technologies over the next 12 months.

Analysts’ target prices for FTI

While the highest target price for FTI is $47, the lowest is $21. Among sell-side analysts, the median target price given for FTI was ~$32. FTI is currently trading near $26, implying a 25% upside to its median price. Learn more on the oil and gas industry on Market Realist’s Energy and Power page.

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