The oilfield services company TechnipFMC has become a "grand slam" for investors after its stock broke out to multi-year highs and recently topped a $10 billion market value, according to Benchmark. "In baseball terms, this is a Grand Slam with the stock hitting the screens of momentum, value, large cap, and income investors," analyst Kurt Hallead told clients in a note Monday.
TechnipFMC expects to book more than $30 billion in subsea orders through 2025, up 25% compared to the company's prior target. The company offers unprecedented revenue visibility, margin expansion and free cash flow generation, Hallead told clients. "This sustainable FCF growth will be a boon to income investors," the analyst wrote.
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