FTI Consulting (NYSE:FCN) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a research report released on Saturday.

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

FTI Consulting Trading Up 0.4 %

NYSE:FCN opened at $199.50 on Friday. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 22.53 and a beta of 0.12. The firm has a fifty day simple moving average of $221.18 and a two-hundred day simple moving average of $219.16. FTI Consulting has a 12 month low of $185.93 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The business had revenue of $926.00 million for 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 company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts predict that FTI Consulting will post 8.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FTI Consulting

Hedge funds have recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. increased its holdings in FTI Consulting by 4.1% during the first quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock valued at $801,247,000 after buying an additional 149,722 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of FTI Consulting by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider’s stock valued at $249,714,000 after purchasing an additional 35,599 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of FTI Consulting by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after buying an additional 39,271 shares during the last quarter. Stephens Investment Management Group LLC raised its position in FTI Consulting by 7.7% during the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock valued at $108,099,000 after purchasing an additional 34,144 shares during the period. Finally, Greenvale Capital LLP raised its holdings in FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after buying an additional 85,000 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

About FTI Consulting

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.