Morgan Stanley Cuts FTS International (NYSE:FTSI) Price Target to $9.00

FTS International (NYSE:FTSI) had its price target decreased by Morgan Stanley from $13.00 to $9.00 in a research note published on Friday morning, BenzingaRatingsTable reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other research firms have also issued reports on FTSI. Piper Jaffray Companies lowered NCS Multistage from an overweight rating to a neutral rating and set a $3.80 price target on the stock. in a report on Tuesday, June 25th. Bank of America set a $25.00 price target on Levi Strauss & Co. and gave the stock a hold rating in a report on Wednesday, July 10th. Wells Fargo & Co reissued a buy rating on shares of Helmerich & Payne in a report on Thursday, June 27th. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Finally, Citigroup reissued a buy rating and set a $25.00 price target on shares of Propetro in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. FTS International currently has an average rating of Hold and an average price target of $10.18.

Shares of FTSI stock opened at $5.45 on Friday. The business’s 50-day moving average price is $5.83. The stock has a market capitalization of $605.29 million, a price-to-earnings ratio of 2.31, a price-to-earnings-growth ratio of 2.59 and a beta of 1.59. FTS International has a 1 year low of $5.04 and a 1 year high of $13.65. The company has a debt-to-equity ratio of 9.17, a quick ratio of 2.00 and a current ratio of 2.41.

FTS International (NYSE:FTSI) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $232.70 million. FTS International had a return on equity of 301.48% and a net margin of 9.60%. On average, research analysts forecast that FTS International will post 0.36 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTSI. Great West Life Assurance Co. Can acquired a new stake in FTS International in the fourth quarter valued at about $38,000. Acadian Asset Management LLC lifted its position in FTS International by 1,904.0% in the fourth quarter. Acadian Asset Management LLC now owns 7,515 shares of the company’s stock valued at $54,000 after purchasing an additional 7,140 shares during the period. Cipher Capital LP acquired a new stake in FTS International in the fourth quarter valued at about $73,000. BNP Paribas Arbitrage SA lifted its position in FTS International by 262.8% in the first quarter. BNP Paribas Arbitrage SA now owns 7,459 shares of the company’s stock valued at $75,000 after purchasing an additional 5,403 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its position in FTS International by 365.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,884 shares of the company’s stock valued at $77,000 after purchasing an additional 8,544 shares during the period. 66.42% of the stock is currently owned by hedge funds and other institutional investors.

About FTS International

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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Analyst Recommendations for FTS International (NYSE:FTSI)

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