TechnipFMC: Oddo reduces target price

(CercleFinance.com) - Oddo maintains its "outperform" rating on TechnipFMC, cutting its a target price from 13.
2 dollars to 10 dollars.

The analyst highlights Q4 revenues of 1.52 billion dollars, down 4.8% relative to Q4 2020 and below consensus expectations of 1.59 billion dollars. Adjusted EBITDA was 130.3 million dollars (consensus 142 million dollars). The company posted a net loss of 127.2 million dollars, resulting in adjusted EPS of -0.12 dollar, below consensus expectations of -0.01 dollar.

The broker also reports that, like other major US players in the sector, TechnipFMC has stressed that it is also expecting a new super cycle that will last at least until 2025.


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