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Wall Street’s Forecasts for FMC Technologies after 1Q16

How Did the Market React to FMC Technologies' 1Q16 Earnings?

(Continued from Prior Part)

Wall Street’s forecasts for FMC Technologies

In this article, we’ll look at Wall Street analysts’ forecasts for FMC Technologies’ (FTI) shares following the company’s 1Q16 earnings release.

Consensus rating for FMC Technologies

Approximately 46% of analysts tracking FMC Technologies rate it as a “buy” or some equivalent. Approximately 51% rate the company as a “hold” or some equivalent. Only 3% of analysts tracking FTI recommended “sells” on the stock. FMC Technologies makes up 0.04% the SPDR S&P 500 ETF (SPY).

In comparison, approximately 6% of analysts tracking CARBO Ceramics (CRR) rate it as a “buy” or some equivalent, and approximately 67% have rated it as a “hold,” while 27% have rated it as a “sell.”

Analysts’ recommendations for FTI

In terms of individual recommendations, Cowen (COWN) gave FMC Technologies a target price of $29 following its 1Q16 earnings release. FTI currently trades near $28.5, implying a ~2% return for the next 12 months.

Jefferies, a global investment bank, gave FTI a one-year target price of $25, one of FTI’s lowest target prices. This implies a return of -12% over the next 12 months.

Among the large investment banks, Barclays (BCS) gave FMC Technologies a target price of $36, one of FTI’s highest target prices. This implies a ~19% return over the next 12 months.

Analysts’ target prices for FTI

Following FMC Technologies’ 1Q16 financial results, the highest target price for FTI is $36, and the lowest is $25. The median target price for FTI is $31.56. FTI is currently trading at ~$28.5, implying an ~11% upside at its median price.

Learn more about the oil & gas industry on Market Realist’s Energy and Power page.

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