TechnipFMC PLC
FTI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$35.00 | Zzz | Vrvdnyyg |
TechnipFMC: Upon Further Examination, We Lift Our Fair Value Estimate by 19%
Following our review of no-moat TechnipFMC, we lift our fair value estimate to $25 from $21, though we remain at the low end of FactSet consensus ranges. Our revised fair value estimate is now roughly in line with TechnipFMC’s stock price, but remains in 3-star territory. We also maintain our no-moat, Standard Capital Allocation, and Very High Uncertainty ratings for this large, pure-play offshore oilfield service provider.