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 report published on Thursday morning.

Several other equities analysts also recently issued reports on the stock. Truist Financial reduced their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group reduced their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.

FTI Consulting Stock Down 1.2 %

FCN opened at $160.02 on Thursday. The company’s 50-day moving average price is $180.70 and its 200 day moving average price is $198.66. FTI Consulting has a fifty-two week low of $158.88 and a fifty-two week high of $243.60. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 20.52 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The company had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. Research analysts anticipate that FTI Consulting will post 8.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. increased its holdings in shares of FTI Consulting by 3.8% during the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider’s stock valued at $777,060,000 after purchasing an additional 149,276 shares during the period. Vanguard Group Inc. increased its stake in FTI Consulting by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider’s stock valued at $681,249,000 after buying an additional 23,419 shares during the period. State Street Corp increased its stake in FTI Consulting by 2.7% during the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after buying an additional 28,105 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of FTI Consulting by 86.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider’s stock worth $194,737,000 after buying an additional 472,245 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of FTI Consulting by 9.3% in the 4th quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider’s stock worth $141,600,000 after acquiring an additional 63,163 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

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.