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Gabelli disclosed FMC Technologies (NYSE:FTI), hiking its price target to $39.00 earlier today

Having a price of $25.01, FMC Technologies (NYSE:FTI) traded -1.31% lower on the day. With the last close down -12.98% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. FTI has recorded a 50-day average of $26.82 and a two hundred day average of $28.46. Trade Volume was down over the average, with 440,928 shares of FTI changing hands under the typical 2,971,290

Reporting a potential upside of 0.56%, Gabelli upped the price target of FMC Technologies (NYSE:FTI) to $39.00

See Chart Below

FMC Technologies (NYSE:FTI)

FMC Technologies has a 52 week low of $24.72 and a 52 week high of $37.09 with a P/E ratio of 29.95 The company’s market cap is currently $0.

In addition to Gabelli reporting its stock price target, a total of 28 brokerages have issued a ratings update on the company. The average stock price target is $32.71 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About FMC Technologies (NYSE:FTI)

TechnipFMC plc provides technologies, systems, and services for oil and gas projects worldwide. It operates in three segments: Subsea, Onshore/Offshore, and Surface Projects. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products. This segment also provides subsea services, including drilling, installation, completion, and field services, as well as asset management, well intervention and IMR, ROVs, and manipulator system services; and services for subsea projects comprising front end to decommissioning, field architecture, integrated design, engineering, procurement, construction, and installation services. The Onshore/Offshore segment offers technical, technological, and project management services across fixed, floating, and onshore facilities, as well as offshore services. The Surface Projects segment provides drilling, completion, and production wellhead equipment, as well as chokes, compact valves, manifolds, and controls; treating iron, manifolds, and reciprocating pumps for stimulation and cementing; separation and flow-treatment systems; flow metering products and systems; marine, truck, and railcar loading systems; installation maintenance services; frac-stack, manifold rental, and operation services; and flowback and well testing services. The company is headquartered in London, the United Kingdom.

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