Navigating 4 Analyst Ratings For TechnipFMC
Portfolio Pulse from Benzinga Insights
TechnipFMC (NYSE:FTI) has been analyzed by 4 analysts, showing a shift towards a more bullish outlook with 3 somewhat bullish and 1 indifferent rating. The average 12-month price target is $28.4, down from $28.67. The company, a leading offshore service provider, has seen a 22.62% revenue growth but struggles with below-average net margin and ROE. Its debt-to-equity ratio is below industry average, indicating less reliance on debt.
March 11, 2024 | 2:00 pm
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TechnipFMC has a more bullish outlook from analysts with a slight decrease in the average price target. The company shows strong revenue growth but faces profitability and efficiency challenges.
The shift towards a more bullish outlook by analysts, combined with strong revenue growth, suggests a positive short-term impact on FTI's stock price. However, concerns about profitability and efficiency metrics may temper gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100