FMC Technologies (NYSE:FTI) has been downgraded from Buy to Neutral in a report by Seaport Global today.
- Updated: September 24, 2016
Just yesterday FMC Technologies (NYSE:FTI) traded -1.93% lower at $27.93. FMC Technologies’s 50-day moving average is $27.69 and its 200-day moving average is $27.37. The last closing price is up 0.30% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,531,508 shares of FTI traded hands, up from an average trading volume of 3,429,250
Seaport Global has downgraded FMC Technologies (NYSE:FTI) from Buy to Neutral in a report released on 9/22/2016.
Previously on 9/12/2016, Citigroup reported on FMC Technologies (NYSE:FTI) increased the target price from $29.00 to $31.00. At the time, this indicated a possible upside of 0.11%.
Recent Performance Chart
FMC Technologies has 52 week low of $22.30 and a 52 week high of $35.93 with a PE ratio of 39.27 and has a market capitalization of $0.
In addition to Seaport Global reporting its stock price target, a total of 28 brokers have issued a research note on the company. The average stock price target is $32.71 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On FMC Technologies (NYSE:FTI)
FMC Technologies, Inc. is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems. Its segments include Subsea Technologies, Surface Technologies and Energy Infrastructure. The Subsea Technologies segment designs and manufactures products and systems, and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. The Surface Technologies segment designs and manufactures products and systems, and provides services used by oil and gas companies involved in land and offshore exploration, and production of crude oil and natural gas. The Energy Infrastructure segment's products and services include Measurement Solutions, Loading Systems and Separation Systems.
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