Citi Raises TechnipFMC Price Target to $41, Maintains Buy Rating

Citi has raised its price target on TechnipFMC (FTI) to $41 from $35, maintaining a Buy rating. The firm cited the company's improving outlook, solid backlog, and cost-cutting measures as reasons for the upgraded target. Analysts at Citi expect TechnipFMC to benefit from increased energy demand and a favorable market environment.

Citigroup has recently upgraded its price target for TechnipFMC (NYSE:FTI) to $41, up from $35, while maintaining a "Buy" rating. The firm attributed the revision to the company's improving outlook, robust backlog, and cost-cutting initiatives. Analysts at Citigroup expect TechnipFMC to capitalize on increased energy demand and a favorable market environment.

Shares of TechnipFMC reached a new 52-week high on July 9, trading as high as $35.79 and closing at $35.33. The company's market capitalization stands at $14.72 billion, with a PE ratio of 18.49 and a P/E/G ratio of 1.21. The stock has a beta of 1.07, a debt-to-equity ratio of 0.17, and a quick ratio of 0.84 [1].

TechnipFMC's latest quarterly earnings report, released on April 24, showed earnings per share of $0.33, falling short of analysts' consensus estimates of $0.36. However, revenue for the quarter was $2.23 billion, up 9.4% year-over-year. The company's net margin was 8.93%, and its return on equity was 27.01%. Sell-side analysts forecast 1.63 EPS for the current fiscal year [1].

The firm also declared a quarterly dividend of $0.05 per share, paid on June 4, representing a $0.20 annualized dividend and a 0.57% yield. The payout ratio is currently 10.53% [1].

Institutional investors have been actively involved in TechnipFMC. Avantax Advisory Services Inc. raised its holdings by 24.5% in the fourth quarter, while Raymond James Financial Inc. and Jones Financial Companies Lllp also increased their stakes. Institutional investors and hedge funds own 96.58% of the company's stock [1].

Additionally, TechnipFMC has formalized a five-year collaboration with Vår Energi, a Norwegian oil and gas exploration and production company. The partnership aims to advance three key offshore discoveries in the Norwegian North Sea, leveraging TechnipFMC's integrated engineering, procurement, construction, and installation (iEPCI) model [2].

References:
[1] https://www.marketbeat.com/instant-alerts/technipfmc-nysefti-hits-new-52-week-high-should-you-buy-2025-07-09/
[2] https://finance.yahoo.com/news/technipfmc-var-energi-join-forces-120400389.html