FTI Consulting (NYSE:FCN) Cut to “Hold” at StockNews.com

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

Separately, Truist Financial lifted their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $199.09 on Friday. The business’s 50-day simple moving average is $223.66 and its 200-day simple moving average is $219.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. FTI Consulting has a 52 week low of $185.93 and a 52 week high of $243.60. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 21.66 and a beta of 0.10.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The company had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. During the same quarter last year, the business earned $2.34 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that FTI Consulting will post 8.48 earnings per share for the current fiscal year.

Institutional Trading of FTI Consulting

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its position in shares of FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 72 shares during the period. Signaturefd LLC raised its stake in FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 81 shares during the last quarter. Covestor Ltd raised its stake in FTI Consulting by 76.4% during the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. Versant Capital Management Inc boosted its holdings in FTI Consulting by 593.8% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 190 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in FTI Consulting by 284.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after purchasing an additional 179 shares during the last quarter. 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.