FTI Consulting (NYSE:FCN) Reaches New 1-Year Low – What’s Next?

Shares of FTI Consulting, Inc. (NYSE:FCN) reached a new 52-week low on Wednesday . The company traded as low as $157.52 and last traded at $160.11, with a volume of 29045 shares changing hands. The stock had previously closed at $164.12.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial cut shares of FTI Consulting from a “buy” rating to a “hold” rating and reduced their price objective for the company from $225.00 to $178.00 in a research note on Wednesday. The Goldman Sachs Group reduced their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday.

FTI Consulting Stock Performance

The stock’s 50 day simple moving average is $175.14 and its 200 day simple moving average is $195.20. The firm has a market cap of $5.80 billion, a PE ratio of 20.69 and a beta of 0.14.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Mawer Investment Management Ltd. grew its position in FTI Consulting by 3.8% during the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider’s stock worth $777,060,000 after acquiring an additional 149,276 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of FTI Consulting by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider’s stock valued at $681,249,000 after purchasing an additional 23,419 shares during the period. State Street Corp grew its holdings in shares of FTI Consulting by 2.7% in the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock worth $241,519,000 after purchasing an additional 28,105 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of FTI Consulting by 86.4% in the fourth 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 during the period. Finally, Alliancebernstein L.P. raised its holdings in FTI Consulting by 9.3% during the 4th quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider’s stock valued at $141,600,000 after buying an additional 63,163 shares during 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.