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Wall Street’s Forecasts for FMC Technologies after 3Q16 Earnings

Alex Chamberlin - Author
By

Oct. 21 2016, Updated 8:05 a.m. ET

Wall Street’s forecasts for FMC Technologies

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Consensus rating for FMC Technologies

Approximately 33.0% of analysts tracking FMC Technologies (FTI) have rated it a “buy” or some equivalent. About 60.0% have rated it a “hold” or equivalent. Only 7.0% of them recommended a “sell.” FTI is 0.09% of the iShares MSCI ACWI Low Carbon Target (CRBN).

By comparison, about 36.0% of analysts tracking McDermott International (MDR) rated it a “buy” or some equivalent. About 55.0% have rated it a “hold,” and 9.0% have rated it a “sell.”

Analyst recommendations for FTI

Following FTI’s 3Q16 financial results, Nomura gave the company a target price of $26, one of its lowest target prices. FMC Technologies currently trades near $31.50, implying a return of -17.0% for the next 12 months. RBC Capital Markets, which is part of the Royal Bank of Canada, gave FTI a one-year target price of $33. This implies a 5.0% return over the next year.

Among the large investment banks, Morgan Stanley gave FMC Technologies a target price of $47, one of its highest target prices. This implies a 49.0% return at its current price over the next 12 months.

Analyst target prices for FTI

Following FTI’s 3Q16 financial results, its highest target price is $47, and the lowest is $26. The median target price surveyed among sell-side analysts is $31.80. FTI is currently trading at ~$31.50, implying a ~1.0% upside at its median price.

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