FTI Consulting (NYSE:FCN) Price Target Lowered to $173.00 at The Goldman Sachs Group

FTI Consulting (NYSE:FCN) had its price objective lowered by The Goldman Sachs Group from $194.00 to $173.00 in a research note published on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the business services provider’s stock.

A number of other equities analysts also recently issued reports on the stock. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Truist Financial lowered their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Friday.

FTI Consulting Stock Performance

Shares of FCN opened at $164.51 on Friday. The stock has a market capitalization of $5.91 billion, a PE ratio of 21.09 and a beta of 0.15. FTI Consulting has a fifty-two week low of $161.24 and a fifty-two week high of $243.60. The company’s fifty day moving average is $192.00 and its 200 day moving average is $206.66.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. As a group, research analysts forecast that FTI Consulting will post 8.55 earnings per share for the current year.

Institutional Investors Weigh In On FTI Consulting

Institutional investors have recently bought and sold shares of the company. Prospera Private Wealth LLC purchased a new position in shares of FTI Consulting in the third quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB purchased a new position in FTI Consulting in the 3rd quarter valued at $35,000. GeoWealth Management LLC boosted its stake in FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock worth $35,000 after purchasing an additional 57 shares during the last quarter. Quarry LP grew its holdings in shares of FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after buying an additional 125 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of FTI Consulting in the third quarter valued at about $38,000. 99.36% of the stock is currently owned by institutional investors and hedge funds.

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.