Truist Financial Has Lowered Expectations for FTI Consulting (NYSE:FCN) Stock Price

FTI Consulting (NYSE:FCN) had its price target decreased by equities research analysts at Truist Financial from $275.00 to $225.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Truist Financial’s price objective would suggest a potential upside of 39.24% from the company’s current price.

Separately, StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Price Performance

NYSE:FCN traded down $1.40 during trading hours on Friday, reaching $161.59. 256,603 shares of the company were exchanged, compared to its average volume of 223,308. The company has a market capitalization of $5.81 billion, a P/E ratio of 18.61 and a beta of 0.15. FTI Consulting has a 1-year low of $161.24 and a 1-year high of $243.60. The business has a 50 day moving average of $192.68 and a 200 day moving average of $207.13.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The company had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. As a group, equities research analysts anticipate that FTI Consulting will post 8.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. CIBC Asset Management Inc grew its holdings in FTI Consulting by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock worth $207,000 after acquiring an additional 55 shares during the period. GeoWealth Management LLC grew its holdings 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 acquiring an additional 57 shares during the period. Exchange Traded Concepts LLC grew its holdings in FTI Consulting by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock worth $657,000 after acquiring an additional 85 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of FTI Consulting by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock valued at $457,000 after buying an additional 89 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after buying an additional 99 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.