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TechnipFMC PLC stock reached a significant milestone, hitting a 52-week high of 44.34 USD. This achievement highlights the company’s positive momentum over the past year, during which its stock price has surged by an impressive 57.1%. The robust performance reflects investor confidence in TechnipFMC’s operations and prospects, as the company continues to navigate the complexities of the global energy sector. This latest stock price peak underscores the market’s optimistic outlook for TechnipFMC, as it capitalizes on industry trends and strategic initiatives.
In other recent news, TechnipFMC reported its third-quarter results, posting a clean EBIT of EUR125 million, which fell short of analysts’ expectations, with KECH estimating EUR135 million and a consensus forecast of EUR137 million. Despite the earnings miss, several analyst firms have adjusted their price targets for TechnipFMC. Jefferies raised its price target from $47 to $50, maintaining a Buy rating, following guidance upgrades announced during the company’s third-quarter results. RBC Capital increased its price target from $40 to $47, citing strong third-quarter orders and favorable guidance for fiscal year 2026 Subsea margins. Piper Sandler also adjusted its price target from $48 to $49, highlighting TechnipFMC’s 2026 Subsea margin guidance, which exceeded consensus expectations. Evercore ISI raised its price target to $48 from $46, emphasizing the robustness of TechnipFMC’s structural operating model changes and a growing backlog. These developments reflect varying analyst perspectives on TechnipFMC’s future performance.
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