Allworth Financial LP Sells Shares of TechnipFMC plc (NYSE:FTI)

February 24, 2025 08:15 PM AEDT | By Team Kalkine Media

Allworth Financial LP Sells Shares of TechnipFMC plc (NYSE:FTI)

Market Analysts' Perspective

TechnipFMC has garnered attention from several Wall Street analysts. Goldman Sachs, Citigroup, Jefferies Financial Group, Barclays, and Hsbc Global Res have all issued positive evaluations. These firms have upgraded TechnipFMC's rating or target price, reflecting optimism about the company's market prospects. According to MarketBeat.com, analysts have given the stock an average rating of "Buy" with a target price of $36.15.

Financial Metrics and Company Outlook

On the financial front, TechnipFMC opened at a price of $29.06 with a market capitalization of $12.36 billion. The company holds a moderate debt-to-equity ratio of 0.22, suggesting a balanced financial structure. The firm operates in two segments: Subsea and Surface Technologies, indicating its comprehensive involvement in the energy sector. With operations spanning various continents, TechnipFMC is positioned to leverage diverse market opportunities.

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