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Seaport Global Securities downgraded FMC Technologies, Inc. (NYSE:FTI) to Neutral in a statement released earlier today.

Yesterday FMC Technologies, Inc. (NYSE:FTI) traded 1.38% higher at $27.93. The company’s 50-day moving average is $27.53 and its 200-day moving average is $27.36. The last closing price is up 2.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 3,147,186 shares of the stock traded hands, down from an average trading volume of 3,355,010

Seaport Global Securities has downgraded FMC Technologies, Inc. (NYSE:FTI) to Neutral in a report released on 9/22/2016.

Previously on 9/12/2016, Citigroup reported on FMC Technologies, Inc. (NYSE:FTI) increased the target price from $29.00 to $31.00. At the time, this indicated a possible upside of 0.11%.

See Chart Below

FMC Technologies, Inc. (NYSE:FTI)

FMC Technologies, Inc. has a 52 week low of $22.30 and a 52 week high of $35.93 with a P/E ratio of 39.96 The company’s market cap is currently $0.

In addition to Seaport Global Securities reporting its stock price target, a total of 28 brokers have issued a report 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.

General Information About FMC Technologies, Inc. (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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