Sunday, June 26, 2022

Investing in TechnipFMC plc (FTI): What You Must Know

Societe Generale upgraded its TechnipFMC plc [FTI] rating to a Buy from a a Hold in a research note published on Tuesday, April 19, 2022; the price target was increased to $10 from $7.57. PT values the company’s stock at a premium of 30.2 to its Tuesday closing price. Kepler also remained covering FTI and has increased its forecast on February 28, 2022 with a “Buy” recommendation from previously “Hold” rating. Jefferies revised its rating on December 08, 2021. It rated FTI as “a Buy” which previously was an “a Hold”.


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Price Performance Review of FTI

On Tuesday, TechnipFMC plc [NYSE:FTI] saw its stock jump 5.92% to $6.98. On the same session, the stock had its day’s lowest price of $6.73, but rose to a high of $7.19. Over the last five days, the stock has lost -3.99%. TechnipFMC plc shares have risen nearly 17.91% since the year began. Nevertheless, the stocks have fallen -25.43% over the past one year. While a 52-week high of $9.63 was reached on 04/21/22, a 52-week low of $5.55 was recorded on 01/24/22. SMA at 50 days reached $7.76, while 200 days put it at $7.15. A total of 11.53 million shares were traded, compared to the trading of 17.74 million shares in the previous session.

Levels Of Support And Resistance For FTI Stock

The 24-hour chart illustrates a support level at 6.74, which if violated will result in even more drops to 6.51. On the upside, there is a resistance level at 7.20. A further resistance level may holdings at 7.43. The Relative Strength Index (RSI) on the 14-day chart is 39.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.05%. Stochastics %K at 8.51% indicates the stock is a buying.

TechnipFMC plc [FTI] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 60,469,855 shares, or roughly 13.37% of the outstanding FTI shares. In other words, the investor’s shares have risen by 9,278,716 from its previous 13-F filing of 51191139.0. Additionally, Fidelity Management & Research Co increased 80.12% of its stake after which the total value it holdings stand at $261,365,936, while Pzena Investment Management LLC added 29.62% of its stake to hold $224.83 million in the firm. Over the last quarter, Columbia Management Investment Ad purchased 690,694 shares of TechnipFMC plc, while Van Eck Associates Corp. bought 7,779,683 shares. At present, Franklin Mutual Advisers LLC is holding 17,164,068 shares valued at $141.43 million. Dimensional Fund Advisors LP owned 16,550,376 shares of the company at the time of its most recent 13F filing, worth $136.38 million.

According to FactSet, TechnipFMC plc’s share price will average $11.01 in the next year, based on opinions of analysts polled by the firm. This is up nearly 59.33 percent from its previous closing price of $6.59. Analysts expect TechnipFMC plc stock to reach the higher price of $15.00, while the lowest price estimate is $8.80. However, 22 analysts have rated FTI stock as an Overweight in their predictions for 2022.

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