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FMC Technologies: Wall Street Says ‘Hold’ after 4Q15 Earnings

Alex Chamberlin

FMC Technologies: F4Q15 Earnings Overview

(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 its fiscal 4Q15 earnings release.

Consensus rating for FMC Technologies

Approximately 48% of analysts tracking FMC Technologies rate it a “buy” or some equivalent. Approximately 52% rate the company a “hold” or an equivalent, and none recommended a “sell.” FMC Technologies is 0.87% of the Energy Select Sector SPDR ETF (XLE).

In comparison, approximately 42% of analysts tracking Cameron International (CAM) rate it a “buy” or some equivalent. Approximately 58% have rated it as “hold,” and none rated it a “sell.”

Analysts’ recommendations for FMC Technologies

When it comes to individual recommendations, Guggenheim Securities, the investment banking and capital markets business of Guggenheim Partners, gave FMC Technologies a target price of $45—one of its highest target prices. FMC Technologies currently trades near $23.4, implying a ~92% return for the next 12 months. Evercore ISI, an independent investment banking advisory firm, has set a $27 target price for FMC Technologies—one of its lowest target prices. This target implies a 15% return over the next 12 months.

Jefferies, an American global investment bank, has set a $29 target price for FMC Technologies. This target implies a 23.5% return over the next 12 months.

Analysts’ target prices for FMC Technologies

Following the fiscal 4Q15 financial results, while the highest target price for FMC Technologies is $45, the lowest is $27. The median target price surveyed among sell-side analysts for FTI is ~$33.3. FTI is currently trading at ~$23.5, implying a ~42% upside at its median price.

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