FTS International (NYSE:FTSI) received a $13.00 price target from stock analysts at Morgan Stanley in a report released on Monday, TipRanks reports. The brokerage currently has a “buy” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 69.27% from the company’s previous close.
A number of other analysts have also recently issued reports on FTSI. Zacks Investment Research upgraded FTS International from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Friday, April 19th. Bank of America upgraded FTS International from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 16th. Piper Jaffray Companies set a $9.00 price objective on FTS International and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays cut FTS International from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.00 to $9.00 in a research report on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. FTS International currently has a consensus rating of “Hold” and a consensus price target of $12.05.
Shares of FTSI stock opened at $7.68 on Monday. FTS International has a 12 month low of $5.96 and a 12 month high of $22.60. The company has a market cap of $834.40 million, a PE ratio of 3.25, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The company has a debt-to-equity ratio of 4.71, a current ratio of 3.09 and a quick ratio of 2.59.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FTSI. JPMorgan Chase & Co. increased its position in shares of FTS International by 53.4% during the first quarter. JPMorgan Chase & Co. now owns 1,829,334 shares of the company’s stock valued at $18,295,000 after purchasing an additional 637,015 shares during the period. Bank of New York Mellon Corp grew its position in FTS International by 482.9% in the fourth quarter. Bank of New York Mellon Corp now owns 727,501 shares of the company’s stock valued at $5,172,000 after acquiring an additional 602,703 shares during the period. Vanguard Group Inc grew its position in FTS International by 17.5% in the third quarter. Vanguard Group Inc now owns 2,544,516 shares of the company’s stock valued at $30,000,000 after acquiring an additional 379,696 shares during the period. Vanguard Group Inc. grew its position in FTS International by 17.5% in the third quarter. Vanguard Group Inc. now owns 2,544,516 shares of the company’s stock valued at $30,000,000 after acquiring an additional 379,696 shares during the period. Finally, DW Partners LP grew its position in FTS International by 130.2% in the fourth quarter. DW Partners LP now owns 653,775 shares of the company’s stock valued at $4,648,000 after acquiring an additional 369,775 shares during the period. Institutional investors and hedge funds own 66.29% of the company’s stock.
FTS International Company Profile
FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.
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