FTI Consulting (NYSE:FCN) Downgraded to Hold Rating by Truist Financial

FTI Consulting (NYSE:FCN) was downgraded by Truist Financial from a “buy” rating to a “hold” rating in a research report issued on Wednesday,Finviz reports. They presently have a $178.00 price target on the business services provider’s stock. Truist Financial’s price target would suggest a potential upside of 8.54% from the stock’s current price.

FCN has been the subject of a number of other reports. The Goldman Sachs Group cut their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th.

FTI Consulting Trading Down 0.1 %

NYSE:FCN opened at $164.00 on Wednesday. The company has a market capitalization of $5.89 billion, a P/E ratio of 21.03 and a beta of 0.14. FTI Consulting has a 12 month low of $158.88 and a 12 month high of $243.60. The firm has a fifty day simple moving average of $176.37 and a 200-day simple moving average of $195.67.

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

Hedge Funds Weigh In On FTI Consulting

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in FTI Consulting by 29.2% in the 4th quarter. Toronto Dominion Bank now owns 5,227 shares of the business services provider’s stock valued at $998,000 after purchasing an additional 1,182 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of FTI Consulting by 16.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 120,736 shares of the business services provider’s stock valued at $23,076,000 after buying an additional 16,805 shares during the last quarter. Vista Investment Management lifted its stake in shares of FTI Consulting by 7.3% in the fourth quarter. Vista Investment Management now owns 2,917 shares of the business services provider’s stock worth $558,000 after buying an additional 199 shares in the last quarter. iSAM Funds UK Ltd acquired a new position in FTI Consulting during the fourth quarter worth about $204,000. Finally, Vident Advisory LLC grew its stake in FTI Consulting by 15.6% during the 4th quarter. Vident Advisory LLC now owns 3,195 shares of the business services provider’s stock valued at $611,000 after acquiring an additional 431 shares in the last quarter. 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.