At the time of writing, TechnipFMC plc [FTI] stock is trading at $26.65, up 0.99%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FTI shares have gain 2.11% over the last week, with a monthly amount drifted -3.06%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
TechnipFMC plc [NYSE: FTI] stock has seen the most recent analyst activity on October 29, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $32 for it. Previously, TD Cowen reaffirmed its Buy rating on October 25, 2024, and elevated its price target to $37. On February 23, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $28 on the stock. HSBC Securities downgraded its rating to a Hold. Exane BNP Paribas downgraded its rating to a Neutral but $23.50 remained the price target by the analyst firm on November 06, 2023. Jefferies downgraded its rating to Hold for this stock on October 13, 2023, and upped its price target to $22. In a note dated August 01, 2023, Kepler downgraded an Hold rating on this stock but restated the target price of $19.50.
For the past year, the stock price of TechnipFMC plc fluctuated between $18.33 and $29.85. Currently, Wall Street analysts expect the stock to reach $26.18 within the next 12 months. TechnipFMC plc [NYSE: FTI] shares were valued at $26.65 at the most recent close of the market. An investor can expect a potential drop of -1.76% based on the average FTI price forecast.
Analyzing the FTI fundamentals
According to TechnipFMC plc [NYSE:FTI], the company’s sales were 8.78B for trailing twelve months, which represents an 14.43% jump. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.22 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.38 points at the first support level, and at 26.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.84, and for the 2nd resistance point, it is at 27.02.
Ratios To Look Out For
It is important to note that TechnipFMC plc [NYSE:FTI] has a current ratio of 1.14. As well, the Quick Ratio is 0.87, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 3.48 and price to earnings (TTM) ratio is 17.54.
Transactions by insiders
Recent insider trading involved Light David, SVP & Chief Accounting Officer, that happened on Jun 26 ’24 when 5928.0 shares were sold. EVP & Chief Technology Officer, Rounce Justin completed a deal on Mar 04 ’24 to sell 0.33 million shares. Meanwhile, President, Surface Conti Thierry sold 9871.0 shares on Mar 01 ’24.
