Kepler Capital Sticks to Its Hold Rating for TechnipFMC (FTI)
Kepler Capital analyst Bertrand Hodee maintained a Hold rating on TechnipFMC on May 13 and set a price target of $69.00. The company’s shares closed yesterday at $72.68.
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According to TipRanks, Hodee is a 5-star analyst with an average return of 17.5% and a 62.42% success rate. Hodee covers the Energy sector, focusing on stocks such as Technip Energies NV, Shell (UK), and OMV AG.
Currently, the analyst consensus on TechnipFMC is a Strong Buy with an average price target of $77.42.
Based on TechnipFMC’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.49 billion and a net profit of $260.5 million. In comparison, last year the company earned a revenue of $2.24 billion and had a net profit of $142 million
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FTI in relation to earlier this year. Earlier this month, Claire Farley, a Director at FTI sold 4,500.00 shares for a total of $335,970.00.
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