StockNews.com Upgrades FTI Consulting (NYSE:FCN) to Buy

FTI Consulting (NYSE:FCN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

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

FTI Consulting Trading Down 2.0 %

FCN traded down $3.29 during trading on Thursday, hitting $161.73. 281,062 shares of the company’s stock were exchanged, compared to its average volume of 195,480. The stock has a 50 day moving average price of $181.35 and a 200 day moving average price of $199.30. FTI Consulting has a 1 year low of $158.92 and a 1 year high of $243.60. The firm has a market cap of $5.81 billion, a P/E ratio of 20.73 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 (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). The company had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. Analysts forecast that FTI Consulting will post 8.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FCN. Prospera Private Wealth LLC purchased a new stake in FTI Consulting during the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB bought a new stake in shares of FTI Consulting in the third quarter worth $35,000. GeoWealth Management LLC raised its holdings in FTI Consulting by 46.0% in the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 57 shares in the last quarter. Quarry LP raised its holdings in FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 125 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in FTI Consulting during the 3rd quarter worth $38,000. Hedge funds and other institutional investors 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.