FTI Consulting (NYSE:FCN) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of FTI Consulting (NYSE:FCN) from a buy rating to a hold rating in a report published on Friday.

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

FTI Consulting Trading Down 0.4 %

Shares of FCN opened at $198.24 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $7.08 billion, a P/E ratio of 23.05 and a beta of 0.10. FTI Consulting has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The business has a 50-day moving average of $223.15 and a 200 day moving average of $219.35.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 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 company had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same period in the previous year, the business earned $2.34 earnings per share. FTI Consulting’s revenue was up 3.7% on a year-over-year basis. As a group, research analysts forecast that FTI Consulting will post 8.48 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its position in shares of FTI Consulting by 458.7% in the 1st quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock worth $3,652,000 after buying an additional 14,193 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in FTI Consulting during the first quarter valued at about $584,000. Sei Investments Co. lifted its holdings in FTI Consulting by 4.3% during the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock valued at $23,782,000 after purchasing an additional 4,516 shares in the last quarter. DB Fitzpatrick & Co Inc increased its stake in FTI Consulting by 135.1% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock worth $1,278,000 after buying an additional 3,408 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in FTI Consulting by 298.4% in the 2nd quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock worth $875,000 after purchasing an additional 3,041 shares during the period. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Company Profile

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.