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Analysts at Cowen Kept the Same their “Outperform” rating for TechnipFMC (FTI) with $35.0 Price Target

Cowen and Company Analyst Rating Change TechnipFMC FTI

TechnipFMC (FTI) Rating Reconfirmed

They currently have a $35.0 TP on Technipfmc (FTI). Cowen’s target would suggest a potential upside of 27.78 % from the company’s previous close. This was released in analysts report on 13 December.

FTI is now trading 0.00% lower at $0.00 as of 10:04 PM New York time. TechnipFMC’s stock is 0% over the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has risen 6.00% over the same time.

According to data compiled by Thomson Reuters, TechnipFMC (FTI)’s stock is covered by 28 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $32.71, which reflects an upside potential of ∞% over the current price.

FTI Stock Chart

Institutional Ownership

Halcyon Management Partners Lp had the largest stake with ownership of 1.73M shares as of q2 2015 for 14.2% of the US Equity Exposure. Tig Advisors Llc is another bull as the institutional investor who is possessing 2.90M shares of TechnipFMC or 7.54% of their US equity exposure. Further, Oceanic Investment Management Ltd have 4.97% of their US equity exposure invested in the company for 349,000 shares. The Bahamas-based fund Key Group Holdings (Cayman) Ltd. disclosed it had purchased a stake worth about 4.06% of the institutional investor’s stock portfolio in TechnipFMC. The New York-based fund Manikay Partners Llc is also positive about the stock, possessing 1.61M shares or 3.96% of their US equity exposure.

TechnipFMC (FTI) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. TechnipFMC has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.

Get the latest TechnipFMC (FTI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analysts at Cowen Kept the Same their “Outperform” rating for TechnipFMC (FTI) with $35.0 Price Target appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Analysts at Cowen Kept the Same their “Outperform” rating for TechnipFMC (FTI) with $35.0 Price Target

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