FTS International (FTSI) PT Set at $13.00 by Morgan Stanley

Morgan Stanley set a $13.00 price target on FTS International (NYSE:FTSI) in a research report report published on Monday, TipRanks reports. The firm currently has a buy rating on the stock.

FTSI has been the topic of several other reports. Zacks Investment Research upgraded shares of FTS International from a hold rating to a buy rating and set a $13.00 price objective on the stock in a report on Friday, April 19th. Wells Fargo & Co restated a hold rating on shares of FTS International in a report on Friday, May 10th. Finally, Piper Jaffray Companies set a $9.00 price objective on shares of FTS International and gave the company a buy rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. FTS International presently has an average rating of Hold and a consensus target price of $12.05.

Shares of FTSI stock opened at $7.40 on Monday. FTS International has a 1 year low of $5.96 and a 1 year high of $22.60. The company has a market cap of $795.34 million, a PE ratio of 3.14, a P/E/G ratio of 1.75 and a beta of 1.25. The company has a current ratio of 2.41, a quick ratio of 2.00 and a debt-to-equity ratio of 9.17.



FTS International (NYSE:FTSI) last announced its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). FTS International had a return on equity of 301.48% and a net margin of 9.60%. The company had revenue of $222.50 million for the quarter, compared to analyst estimates of $232.70 million. Research analysts predict that FTS International will post 0.7 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc lifted its holdings 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 buying an additional 379,696 shares during the period. Bank of New York Mellon Corp increased its stake in FTS International by 31.8% in the third quarter. Bank of New York Mellon Corp now owns 124,798 shares of the company’s stock valued at $1,471,000 after purchasing an additional 30,075 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in FTS International by 47.0% in the third quarter. TIAA CREF Investment Management LLC now owns 213,812 shares of the company’s stock valued at $2,521,000 after purchasing an additional 68,364 shares in the last quarter. Denali Advisors LLC bought a new stake in FTS International in the first quarter valued at approximately $182,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its stake in FTS International by 152.3% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 165,758 shares of the company’s stock valued at $1,178,000 after purchasing an additional 100,052 shares in the last quarter. Institutional investors and hedge funds own 66.87% of the company’s stock.

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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