Bubble Wrap maker Sealed Air surges on report of buyout talks
TechnipFMC PLC stock recently reached a 52-week high, hitting a price of $42.66. This milestone reflects a significant upward trend for the $17.2 billion energy technology company, as it marks a notable increase in its stock value over the past year. According to InvestingPro data, the stock has experienced a remarkable 1-year return of 58.1%, even stronger than previously reported. This surge can be attributed to various factors, including positive market sentiment and potential strategic developments within the company. Investors are closely monitoring TechnipFMC’s performance, as the stock continues to demonstrate strong momentum in the market. With a "GREAT" Financial Health score and trading slightly below its Fair Value estimate, analysts remain optimistic, setting price targets ranging from $35 to $53. InvestingPro identifies several additional strengths for FTI, including its moderate debt levels and strong profitability metrics, available in the comprehensive Pro Research Report covering this and 1,400+ other US equities.
In other recent news, TechnipFMC reported third-quarter results that did not meet analyst expectations, with a clean EBIT of EUR125 million, falling short of the EUR135 million estimated by KECH and the consensus forecast of EUR137 million. Despite this, several analyst firms have adjusted their price targets for TechnipFMC. Jefferies raised its price target to $50 from $47, maintaining a Buy rating, following guidance upgrades announced during the company’s third-quarter results. RBC Capital increased its price target to $47 from $40, citing strong third-quarter orders and guidance for fiscal year 2026 Subsea margins that exceeded consensus expectations. Piper Sandler also raised its price target to $49 from $48, noting the 2026 Subsea margin guidance with a midpoint of 21.25%, surpassing the current consensus of 20.7%. Additionally, Evercore ISI increased its price target to $48 from $46, maintaining an Outperform rating and highlighting the durability of TechnipFMC’s structural operating model changes. The firm’s growing backlog, which increased 14% year-over-year, and a consistent book-to-bill ratio have alleviated concerns about the sustainability of the offshore subsea cycle.
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