StockNews.com Lowers FTI Consulting (NYSE:FCN) to Hold

by · The Cerbat Gem

FTI Consulting (NYSE:FCN – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Separately, Truist Financial raised their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th.

Check Out Our Latest Analysis on FCN

FTI Consulting Stock Performance

Shares of FCN traded down $2.38 on Friday, reaching $199.00. 454,148 shares of the company’s stock traded hands, compared to its average volume of 172,501. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $223.66 and its two-hundred day simple moving average is $219.23. FTI Consulting has a 52-week low of $185.93 and a 52-week high of $243.60. The stock has a market cap of $7.10 billion, a PE ratio of 23.14 and a beta of 0.10.

FTI Consulting (NYSE:FCN – Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The firm had revenue of $926.00 million during the quarter, compared to analysts’ expectations of $946.16 million. During the same period in the prior year, the business earned $2.34 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts forecast that FTI Consulting will post 8.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FTI Consulting

A number of large investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of FTI Consulting by 4.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider’s stock worth $241,000 after acquiring an additional 52 shares during the period. Allegheny Financial Group LTD boosted its holdings in shares of FTI Consulting by 6.5% in the second quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider’s stock worth $255,000 after acquiring an additional 72 shares during the period. UMB Bank n.a. boosted its holdings in shares of FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after acquiring an additional 72 shares during the period. Truist Financial Corp boosted its holdings in shares of FTI Consulting by 2.1% in the second quarter. Truist Financial Corp now owns 3,757 shares of the business services provider’s stock worth $810,000 after acquiring an additional 76 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of FTI Consulting by 65.9% in the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after acquiring an additional 81 shares during the period. 99.36% of the stock is owned by institutional investors.

FTI Consulting Company Profile

(Get Free Report)

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.

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